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 12 November 2018 – 16 November 2018:
|No. of shares||Average purchase price (DKK)||Transaction value (DKK)|
|Total previous announcement||779,449||140.62||109,603,300|
|12 November 2018||9,000||140.03||1,260,270|
|13 November 2018||11,000||134.84||1,483,240|
|14 November 2018||12,000||134.18||1,610,160|
|15 November 2018||12,000||134.92||1,619,040|
|16 November 2018||13,000||133.10||1,730,300|
|Total this period||57,000||135.14||7,703,010|
|Accumulated under the programme||836,449||140.24||117,306,310|
Following the above transactions, Bang & Olufsen holds a total of 946,439 own shares corresponding to 2.2 % 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 12-16 November 2018.
For further information, please contact: Sr. Director, Global Finance, Malene Richter Christensen, tel.: +45 29741609.