Press Releases

Bang & Olufsen A/S – share buyback programme

February 25, 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 18 February 2019 – 22 February 2019:

  No. of shares Average purchase price (DKK) Transaction value (DKK)
Total previous announcement 1,863,449 121.19 225,836,132
       
18 February 2019 14,000 96.49 1,350,860
19 February 2019 16,000 95.23 1,523,680
20 February 2019 14,000 96.29 1,348,060
21 February 2019 16,000 96.15 1,538,400
22 February 2019 17,000 97.01 1,649,170
       
Total this period 77,000 96.24 7,410,170
       
Accumulated under the programme 1,940,449 120.20 233,246,302

Following the above transactions, Bang & Olufsen holds a total of 2,050,439 own shares corresponding to 4.7 % 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 18-22 February 2019.

For further information, please contact: Sr. Director, Global Finance & SDO, Malene Richter Christensen, tel.: +45 29741609.

 

Attachment

Investor contact

Cristina Rønde Hefting
Head of Investor Relations
+45-41537303
crrh@bang-olufsen.dk
 
Major Shareholder Announcements should be sent directly to
major-shareholder@bang-olufsen.dk
 

Press contact

Marie Elbæk
Global communications
+45 60 21 25 42
Press@bang-olufsen.dk
 

Other enquiries

For all non-PR or non-IR related enquiries, e.g. advertising and HR related questions,
please contact Bang & Olufsen’s main office at:
+45 9684 1122