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 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.