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 24 December 2018 – 28 December 2018:
| No. of shares | Average purchase price (DKK) | Transaction value (DKK) | |
| Total previous announcement | 1,143,449 | 137.33 | 157,032,070 |
| 24 December 2018 | 0 | 0 | 0 |
| 25 December 2018 | 0 | 0 | 0 |
| 26 December 2018 | 0 | 0 | 0 |
| 27 December 2018 | 28,000 | 87.17 | 2,440,760 |
| 28 December 2018 | 28,000 | 86.61 | 2,425,080 |
| Total this period | 56,000 | 86.89 | 4,865,840 |
| Accumulated under the programme | 1,199,449 | 134.98 | 161,897,910 |
Following the above transactions, Bang & Olufsen holds a total of 1,309,439 own shares corresponding to 3.0 % 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 24-28 December 2018.
For further information, please contact: Sr. Director, Global Finance & SDO, Malene Richter Christensen, tel.: +45 29741609.
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