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 08 October 2018 – 12 October 2018:
| No. of shares | Average purchase price (DKK) | Transaction value (DKK) | |
| Total previous announcement | 393,449 | 149.45 | 58,800,480 |
| 08 October 2018 | 22,000 | 128.85 | 2,834,700 |
| 09 October 2018 | 20,000 | 128.53 | 2,570,600 |
| 10 October 2018 | 25,000 | 124.24 | 3,106,000 |
| 11 October 2018 | 25,000 | 121.36 | 3,034,000 |
| 12 October 2018 | 25,000 | 124.98 | 3,124,500 |
| Total this period | 117,000 | 125.38 | 14,669,800 |
| Accumulated under the programme | 510,449 | 143.93 | 73,470,280 |
Following the above transactions, Bang & Olufsen holds a total of 620,439 own shares corresponding to 1.4 % 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 8-12 October 2018.
For further information, please contact: Sr. Director, Global Finance, Malene Richter Christensen, tel.: +45 29741609.
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