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 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.