Press Releases

Bang & Olufsen A/S – share buyback programme

December 31, 2018 at 9:00 AM CET
Supporting Materials:

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.

 

 

Attachment

Investor contact

Martin Raasch Egenhardt
Head of Investor Relations
+45-53707439
mare@bang-olufsen.dk
 
Major Shareholder Announcements should be sent directly to
major-shareholder@bang-olufsen.dk
 

Press contact

Jens Gamborg
Head of Group Communications
+45 2496 9371
Press@bang-olufsen.dk