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 March 2019 – 22 March 2019:
|No. of shares||Average purchase price (DKK)||Transaction value (DKK)|
|Total previous announcement||2,170,449||117.48||254,988,222|
|18 March 2019||15,000||90.44||1,356,600|
|19 March 2019||16,000||89.67||1,434,720|
|20 March 2019||17,000||88.89||1,511,130|
|21 March 2019||17,000||87.21||1,482,570|
|22 March 2019||18,000||84.88||1,527,840|
|Total this period||83,000||88.11||7,312,860|
|Accumulated under the programme||2,253,449||116.40||262,301,082|
Following the above transactions, Bang & Olufsen holds a total of 2,363,439 own shares corresponding to 5.5 % 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 March 2019.
For further information, please contact: Sr. Director, Global Finance & SDO, Malene Richter Christensen, tel.: +45 29741609.