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 11 February 2019 – 15 February 2019:
| No. of shares | Average purchase price (DKK) | Transaction value (DKK) | |
| Total previous announcement | 1,768,449 | 122.64 | 216,886,432 |
| 11 February 2019 | 20,000 | 92.42 | 1,848,400 |
| 12 February 2019 | 20,000 | 94.68 | 1,893,600 |
| 13 February 2019 | 20,000 | 96.21 | 1,924,200 |
| 14 February 2019 | 20,000 | 93.54 | 1,870,800 |
| 15 February 2019 | 15,000 | 94.18 | 1,412,700 |
| Total this period | 95,000 | 94.21 | 8,949,700 |
| Accumulated under the programme | 1,863,449 | 121.19 | 225,836,132 |
Following the above transactions, Bang & Olufsen holds a total of 1,973,439 own shares corresponding to 4.6 % 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 11-15 February 2019.
For further information, please contact: Sr. Director, Global Finance & SDO, Malene Richter Christensen, tel.: +45 29741609.
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