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 26 November 2018 – 30 November 2018:
|No. of shares||Average purchase price (DKK)||Transaction value (DKK)|
|Total previous announcement||902,949||139.48||125,943,760|
|26 November 2018||12,000||136.48||1,637,760|
|27 November 2018||12,000||136.72||1,640,640|
|28 November 2018||11,000||137.98||1,517,780|
|29 November 2018||11,000||137.18||1,508,980|
|30 November 2018||12,000||131.82||1,581,840|
|Total this period||58,000||135.98||7,887,000|
|Accumulated under the programme||960,949||139.27||133,830,760|
Following the above transactions, Bang & Olufsen holds a total of 1,070,939 own shares corresponding to 2.5 % 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 26-30 November 2018.
For further information, please contact: Sr. Director, Global Finance, Malene Richter Christensen, tel.: +45 29741609.