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 12 November 2018 – 16 November 2018:
| No. of shares | Average purchase price (DKK) | Transaction value (DKK) | |
| Total previous announcement | 779,449 | 140.62 | 109,603,300 |
| 12 November 2018 | 9,000 | 140.03 | 1,260,270 |
| 13 November 2018 | 11,000 | 134.84 | 1,483,240 |
| 14 November 2018 | 12,000 | 134.18 | 1,610,160 |
| 15 November 2018 | 12,000 | 134.92 | 1,619,040 |
| 16 November 2018 | 13,000 | 133.10 | 1,730,300 |
| Total this period | 57,000 | 135.14 | 7,703,010 |
| Accumulated under the programme | 836,449 | 140.24 | 117,306,310 |
Following the above transactions, Bang & Olufsen holds a total of 946,439 own shares corresponding to 2.2 % 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 12-16 November 2018.
For further information, please contact: Sr. Director, Global Finance, Malene Richter Christensen, tel.: +45 29741609.
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