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 01 October 2018 – 05 October 2018:
| No. of shares | Average purchase price (DKK) | Transaction value (DKK) | |
| Total previous announcement | 313,449 | 150.72 | 47,244,040 |
| 01 October 2018 | 10,000 | 154.27 | 1,542,700 |
| 02 October 2018 | 15,000 | 152.44 | 2,286,600 |
| 03 October 2018 | 17,000 | 147.46 | 2,506,820 |
| 04 October 2018 | 18,000 | 139.24 | 2,506,320 |
| 05 October 2018 | 20,000 | 135.70 | 2,714,000 |
| Total this period | 80,000 | 144.46 | 11,556,440 |
| Accumulated under the programme | 393,449 | 149.45 | 58,800,480 |
Following the above transactions, Bang & Olufsen holds a total of 503,439 own shares corresponding to 1.2 % 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 1-5 October 2018.
For further information, please contact: Sr. Director, Global Finance, Malene Richter Christensen, tel.: +45 29741609.
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