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.