Press Releases

Bang & Olufsen A/S – share buyback programme

February 18, 2019 at 8:00 AM EST
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 11 February 2019 – 15 February 2019:

  No. of shares Average purchase price (DKK) Transaction value (DKK)
Total previous announcement 1,768,449 122.64 216,886,432
       
11 February 2019 20,000 92.42 1,848,400
12 February 2019 20,000 94.68 1,893,600
13 February 2019 20,000 96.21 1,924,200
14 February 2019 20,000 93.54 1,870,800
15 February 2019 15,000 94.18 1,412,700
       
Total this period 95,000 94.21 8,949,700
       
Accumulated under the programme 1,863,449 121.19 225,836,132

Following the above transactions, Bang & Olufsen holds a total of 1,973,439 own shares corresponding to 4.6 % 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 11-15 February 2019.

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