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.