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 26 November 2018 – 30 November 2018:
| No. of shares | Average purchase price (DKK) | Transaction value (DKK) | |
| Total previous announcement | 902,949 | 139.48 | 125,943,760 |
| 26 November 2018 | 12,000 | 136.48 | 1,637,760 |
| 27 November 2018 | 12,000 | 136.72 | 1,640,640 |
| 28 November 2018 | 11,000 | 137.98 | 1,517,780 |
| 29 November 2018 | 11,000 | 137.18 | 1,508,980 |
| 30 November 2018 | 12,000 | 131.82 | 1,581,840 |
| Total this period | 58,000 | 135.98 | 7,887,000 |
| Accumulated under the programme | 960,949 | 139.27 | 133,830,760 |
Following the above transactions, Bang & Olufsen holds a total of 1,070,939 own shares corresponding to 2.5 % 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 26-30 November 2018.
For further information, please contact: Sr. Director, Global Finance, Malene Richter Christensen, tel.: +45 29741609.
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