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 17 September 2018 - 21 September 2018:
| No. of shares | Average purchase price (DKK) | Transaction value (DKK) | |
| Total previous announcement | 163,000 | 153.46 | 25,013,200 |
| 17 September 2018 | 16,000 | 145.24 | 2,323,840 |
| 18 September 2018 | 17,000 | 145.88 | 2,479,960 |
| 19 September 2018 | 15,000 | 147.97 | 2,219,550 |
| 20 September 2018 | 15,000 | 146.93 | 2,203,950 |
| 21 September 2018 | 13,000 | 151.06 | 1,963,780 |
| Total this period | 76,000 | 147.25 | 11,191,080 |
| Accumulated under the programme | 239,000 | 151.48 | 36,204,280 |
Following the above transactions, Bang & Olufsen holds a total of 348,990 own shares corresponding to 0.8 % 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 17-21 September 2018.
For further information, please contact: Sr. Director, Global Finance, Malene Richter Christensen, tel.: +45 29741609.
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