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 04 February 2019 – 08 February 2019:
| No. of shares | Average purchase price (DKK) | Transaction value (DKK) | |
| Total previous announcement | 1,670,449 | 124.27 | 207,587,832 |
| 04 February 2019 | 18,000 | 95.75 | 1,723,500 |
| 05 February 2019 | 16,000 | 99.10 | 1,585,600 |
| 06 February 2019 | 20,000 | 95.92 | 1,918,400 |
| 07 February 2019 | 22,000 | 93.33 | 2,053,260 |
| 08 February 2019 | 22,000 | 91.72 | 2,017,840 |
| Total this period | 98,000 | 94.88 | 9,298,600 |
| Accumulated under the programme | 1,768,449 | 122.64 | 216,886,432 |
Following the above transactions, Bang & Olufsen holds a total of 1,878,439 own shares corresponding to 4.3 % 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 4 February - 8 February 2019.
For further information, please contact: Sr. Director, Global Finance & SDO, Malene Richter Christensen, tel.: +45 29741609.
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