Bang & Olufsen A/S – share buyback programme
On 3 September 2018, Bang & Olufsen initiated a share buyback programme in accordance with article 5 of the regulation (EU) no. 596/2014 of 16 April 2014 on market abuse and the delegated regulation (EU) no. 2016/1052 of 8 March 2016, also referred to as the Safe Harbor rules.
Under the share buyback programme, which runs from 3 September 2018 and will end no later than 31 December 2019, Bang & Olufsen intends to buy back shares for an amount of up to DKK 485 million.
The following transactions have been made under the program in the period 24 December 2018 – 28 December 2018:
|No. of shares||Average purchase price (DKK)||Transaction value (DKK)|
|Total previous announcement||1,143,449||137.33||157,032,070|
|24 December 2018||0||0||0|
|25 December 2018||0||0||0|
|26 December 2018||0||0||0|
|27 December 2018||28,000||87.17||2,440,760|
|28 December 2018||28,000||86.61||2,425,080|
|Total this period||56,000||86.89||4,865,840|
|Accumulated under the programme||1,199,449||134.98||161,897,910|
Following the above transactions, Bang & Olufsen holds a total of 1,309,439 own shares corresponding to 3.0 % of the total share capital and the total voting rights in the company.
Please see the attached file for detailed information about individual trades under the program in the period 24-28 December 2018.
For further information, please contact: Sr. Director, Global Finance & SDO, Malene Richter Christensen, tel.: +45 29741609.