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 17 December 2018 – 21 December 2018:
|No. of shares||Average purchase price (DKK)||Transaction value (DKK)|
|Total previous announcement||1,071,949||139.05||149,055,900|
|17 December 2018||10,000||139.87||1,398,700|
|18 December 2018||11,000||136.62||1,502,820|
|19 December 2018||10,000||137.70||1,377,000|
|20 December 2018||13,500||95.06||1,283,310|
|21 December 2018||27,000||89.42||2,414,340|
|Total this period||71,500||111.55||7,976,170|
|Accumulated under the programme||1,143,449||137.33||157,032,070|
Following the above transactions, Bang & Olufsen holds a total of 1,253,439 own shares corresponding to 2.9 % 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 17-21 December 2018.
For further information, please contact: Sr. Director, Global Finance & SDO, Malene Richter Christensen, tel.: +45 29741609.