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 10 December 2018 – 14 December 2018:
|No. of shares||Average purchase price (DKK)||Transaction value (DKK)|
|Total previous announcement||1,018,949||139.09||141,725,530|
|10 December 2018||12,000||134.75||1,617,000|
|11 December 2018||11,000||136.77||1,504,470|
|12 December 2018||10,000||140.66||1,406,600|
|13 December 2018||10,000||140.97||1,409,700|
|14 December 2018||10,000||139.26||1,392,600|
|Total this period||53,000||138.31||7,330,370|
|Accumulated under the programme||1,071,949||139.05||149,055,900|
Following the above transactions, Bang & Olufsen holds a total of 1,181,939 own shares corresponding to 2.7 % 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 10-14 December 2018.
For further information, please contact: Sr. Director, Global Finance & SDO, Malene Richter Christensen, tel.: +45 29741609.