Press Releases

Bang & Olufsen A/S – share buyback programme

March 4, 2019 at 2:14 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 25 February 2019 – 01 March 2019:

  No. of shares Average purchase price (DKK) Transaction value (DKK)
Total previous announcement 1,940,449 120.20 233,246,302
       
25 February 2019 15,000 97.81 1,467,150
26 February 2019 16,000 96.11 1,537,760
27 February 2019 16,000 95.52 1,528,320
28 February 2019 16,000 94.40 1,510,400
01 March 2019 16,000 96.41 1,542,560
       
Total this period 79,000 96.03 7,586,190
       
Accumulated under the programme 2,019,449 119.26 240,832,492

Following the above transactions, Bang & Olufsen holds a total of 2,129,439 own shares corresponding to 4.9 % 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 25 February - 1 March 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