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 22 October 2018 – 26 October 2018:
| No. of shares | Average purchase price (DKK) | Transaction value (DKK) | |
| Total previous announcement | 600,449 | 141.80 | 85,142,670 |
| 22 October 2018 | 15,000 | 131.16 | 1,967,400 |
| 23 October 2018 | 15,000 | 130.17 | 1,952,550 |
| 24 October 2018 | 15,000 | 131.47 | 1,972,050 |
| 25 October 2018 | 15,000 | 132.32 | 1,984,800 |
| 26 October 2018 | 15,000 | 133.30 | 1,999,500 |
| Total this period | 75,000 | 131.68 | 9,876,300 |
| Accumulated under the programme | 675,449 | 140.68 | 95,018,970 |
Following the above transactions, Bang & Olufsen holds a total of 785,439 own shares corresponding to 1.8 % 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 22-26 October 2018.
For further information, please contact: Sr. Director, Global Finance, Malene Richter Christensen, tel.: +45 29741609.
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