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 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.