Press Releases

Bang & Olufsen A/S – share buyback programme

March 11, 2019 at 8:00 AM EDT
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 04 March 2019 – 08 March 2019:

  No. of shares Average purchase price (DKK) Transaction value (DKK)
Total previous announcement 2,019,449 119.26 240,832,492
       
04 March 2019 16,000 96.98 1,551,680
05 March 2019 15,000 95.80 1,437,000
06 March 2019 15,000 96.52 1,447,800
07 March 2019 15,000 95.71 1,435,650
08 March 2019 15,000 93.67 1,405,050
       
Total this period 76,000 95.75 7,277,180
       
Accumulated under the programme 2,095,449 118.40 248,109,672

Following the above transactions, Bang & Olufsen holds a total of 2,205,439 own shares corresponding to 5.1 % 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 4-8 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