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 17 December 2018 – 21 December 2018:
| No. of shares | Average purchase price (DKK) | Transaction value (DKK) | |
| Total previous announcement | 1,071,949 | 139.05 | 149,055,900 |
| 17 December 2018 | 10,000 | 139.87 | 1,398,700 |
| 18 December 2018 | 11,000 | 136.62 | 1,502,820 |
| 19 December 2018 | 10,000 | 137.70 | 1,377,000 |
| 20 December 2018 | 13,500 | 95.06 | 1,283,310 |
| 21 December 2018 | 27,000 | 89.42 | 2,414,340 |
| Total this period | 71,500 | 111.55 | 7,976,170 |
| Accumulated under the programme | 1,143,449 | 137.33 | 157,032,070 |
Following the above transactions, Bang & Olufsen holds a total of 1,253,439 own shares corresponding to 2.9 % 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 17-21 December 2018.
For further information, please contact: Sr. Director, Global Finance & SDO, Malene Richter Christensen, tel.: +45 29741609.
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