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 19 November 2018 – 23 November 2018:
| No. of shares | Average purchase price (DKK) | Transaction value (DKK) | |
| Total previous announcement | 836,449 | 140.24 | 117,306,310 |
| 19 November 2018 | 13,000 | 131.35 | 1,707,550 |
| 20 November 2018 | 15,000 | 127.30 | 1,909,500 |
| 21 November 2018 | 13,000 | 129.71 | 1,686,230 |
| 22 November 2018 | 13,500 | 130.14 | 1,756,890 |
| 23 November 2018 | 12,000 | 131.44 | 1,577,280 |
| Total this period | 66,500 | 129.89 | 8,637,450 |
| Accumulated under the programme | 902,949 | 139.48 | 125,943,760 |
Following the above transactions, Bang & Olufsen holds a total of 1,012,939 own shares corresponding to 2.3 % 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 19-23 November 2018
For further information, please contact: Sr. Director, Global Finance, Malene Richter Christensen, tel.: +45 29741609.
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