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 24 September 2018 - 28 September 2018:
| No. of shares | Average purchase price (DKK) | Transaction value (DKK) | |
| Total previous announcement | 239,000 | 151.48 | 36,204,280 |
| 24 September 2018 | 12,000 | 151.30 | 1,815,600 |
| 25 September 2018 | 15,449 | 148.62 | 2,296,030 |
| 26 September 2018 | 15,000 | 147.05 | 2,205,750 |
| 27 September 2018 | 17,000 | 146.89 | 2,497,130 |
| 28 September 2018 | 15,000 | 148.35 | 2,225,250 |
| Total this period | 74,449 | 148.29 | 11,039,760 |
| Accumulated under the programme | 313,449 | 150.72 | 47,244,040 |
Following the above transactions, Bang & Olufsen holds a total of 423,439 own shares corresponding to 1.0 % 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 24-28 September 2018.
For further information, please contact: Sr. Director, Global Finance, Malene Richter Christensen, tel.: +45 29741609.
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