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 19 November 2018 – 23 November 2018:
|No. of shares||Average purchase price (DKK)||Transaction value (DKK)|
|Total previous announcement||836,449||140.24||117,306,310|
|19 November 2018||13,000||131.35||1,707,550|
|20 November 2018||15,000||127.30||1,909,500|
|21 November 2018||13,000||129.71||1,686,230|
|22 November 2018||13,500||130.14||1,756,890|
|23 November 2018||12,000||131.44||1,577,280|
|Total this period||66,500||129.89||8,637,450|
|Accumulated under the programme||902,949||139.48||125,943,760|
Following the above transactions, Bang & Olufsen holds a total of 1,012,939 own shares corresponding to 2.3 % 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 19-23 November 2018
For further information, please contact: Sr. Director, Global Finance, Malene Richter Christensen, tel.: +45 29741609.