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 03 December 2018 – 07 December 2018:
| No. of shares | Average purchase price (DKK) | Transaction value (DKK) | |
| Total previous announcement | 960,949 | 139.27 | 133,830,760 |
| 03 December 2018 | 12,000 | 135.39 | 1,624,680 |
| 04 December 2018 | 12,000 | 137.59 | 1,651,080 |
| 05 December 2018 | 12,000 | 136.29 | 1,635,480 |
| 06 December 2018 | 11,000 | 135.60 | 1,491,600 |
| 07 December 2018 | 11,000 | 135.63 | 1,491,930 |
| Total this period | 58,000 | 136.12 | 7,894,770 |
| Accumulated under the programme | 1,018,949 | 139.09 | 141,725,530 |
Following the above transactions, Bang & Olufsen holds a total of 1,128,939 own shares corresponding to 2.6 % 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 3-7 December 2018.
For further information, please contact: Sr. Director, Global Finance, Malene Richter Christensen, tel.: +45 29741609.
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