Press Releases

Shareholder announcement from Sparkle Roll

April 7, 2016 at 9:00 AM CEST
Supporting Materials:

Struer, 2016-04-07 18:38 CEST (GLOBE NEWSWIRE) -- Company Announcement no. 15.13

 

Pursuant to Section 29 of the Danish Securities Trading Act, it is hereby informed that Sparkle Roll Group Limited BVI has informed Bang & Olufsen a/s (“Bang & Olufsen) that Sparkle Roll Group Limited BVI has entered an agreement to buy shares in Bang & Olufsen. After the completion of the transaction, Sparkle Roll Group Limited BVI will hold 5,665,192 shares, corresponding to approximately 13.1 per cent of the share capital in Bang & Olufsen.

 

Sparkle Roll Group limited BVI is 100 per cent owned by Mr. Qi Jianhong. Mr. Qi Jianhong already indirectly owns 5.6 per cent of the share capital in Bang & Olufsen, through his 100 per cent owned company Sparkle Roll Holdings Limited BVI. Subsequent to the completion of the transaction, Mr. Qi Jianhong therefore indirectly holds 8,069,78 shares, corresponding to 18.7% of the share capital in Bang & Olufsen a/s.

 

Please see attached announcement for further details.

 

For further information, please contact:

Claus Højmark Jensen, tel: +45 9684 1251

Investor contact

Martin Raasch Egenhardt
Head of Investor Relations
+45-53707439
mare@bang-olufsen.dk
 
Major Shareholder Announcements should be sent directly to
major-shareholder@bang-olufsen.dk
 

Press contact

Jens Gamborg
Head of Group Communications
+45 2496 9371
Press@bang-olufsen.dk