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.
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