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 05 November 2018 – 09 November 2018:
| No. of shares | Average purchase price (DKK) | Transaction value (DKK) | |
| Total previous announcement | 730,449 | 140.49 | 102,623,320 |
| 05 November 2018 | 10,000 | 143.39 | 1,433,900 |
| 06 November 2018 | 10,000 | 142.28 | 1,422,800 |
| 07 November 2018 | 11,000 | 142.57 | 1,568,270 |
| 08 November 2018 | 9,000 | 143.55 | 1,291,950 |
| 09 November 2018 | 9,000 | 140.34 | 1,263,060 |
| Total this period | 49,000 | 142.45 | 6,979,980 |
| Accumulated under the programme | 779,449 | 140.62 | 109,603,300 |
Following the above transactions, Bang & Olufsen holds a total of 889,439 own shares corresponding to 2.1 % 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 05 November - 09 November 2018.
For further information, please contact: Sr. Director, Global Finance, Malene Richter Christensen, tel.: +45 29741609.
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