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 11 March 2019 – 15 March 2019:
|No. of shares||Average purchase price (DKK)||Transaction value (DKK)|
|Total previous announcement||2,095,449||118.40||248,109,672|
|11 March 2019||15,000||91.36||1,370,400|
|12 March 2019||15,000||92.13||1,381,950|
|13 March 2019||15,000||92.15||1,382,250|
|14 March 2019||15,000||91.53||1,372,950|
|15 March 2019||15,000||91.40||1,371,000|
|Total this period||75,000||91.71||6,878,550|
|Accumulated under the programme||2,170,449||117.48||254,988,222|
Following the above transactions, Bang & Olufsen holds a total of 2,280,439 own shares corresponding to 5.3 % 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 11-15 March 2019.
For further information, please contact: Sr. Director, Global Finance & SDO, Malene Richter Christensen, tel.: +45 29741609.