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 18 March 2019 – 22 March 2019:
| No. of shares | Average purchase price (DKK) | Transaction value (DKK) | |
| Total previous announcement | 2,170,449 | 117.48 | 254,988,222 |
| 18 March 2019 | 15,000 | 90.44 | 1,356,600 |
| 19 March 2019 | 16,000 | 89.67 | 1,434,720 |
| 20 March 2019 | 17,000 | 88.89 | 1,511,130 |
| 21 March 2019 | 17,000 | 87.21 | 1,482,570 |
| 22 March 2019 | 18,000 | 84.88 | 1,527,840 |
| Total this period | 83,000 | 88.11 | 7,312,860 |
| Accumulated under the programme | 2,253,449 | 116.40 | 262,301,082 |
Following the above transactions, Bang & Olufsen holds a total of 2,363,439 own shares corresponding to 5.5 % 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 18 - 22 March 2019.
For further information, please contact: Sr. Director, Global Finance & SDO, Malene Richter Christensen, tel.: +45 29741609.
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