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 18 February 2019 – 22 February 2019:
| No. of shares | Average purchase price (DKK) | Transaction value (DKK) | |
| Total previous announcement | 1,863,449 | 121.19 | 225,836,132 |
| 18 February 2019 | 14,000 | 96.49 | 1,350,860 |
| 19 February 2019 | 16,000 | 95.23 | 1,523,680 |
| 20 February 2019 | 14,000 | 96.29 | 1,348,060 |
| 21 February 2019 | 16,000 | 96.15 | 1,538,400 |
| 22 February 2019 | 17,000 | 97.01 | 1,649,170 |
| Total this period | 77,000 | 96.24 | 7,410,170 |
| Accumulated under the programme | 1,940,449 | 120.20 | 233,246,302 |
Following the above transactions, Bang & Olufsen holds a total of 2,050,439 own shares corresponding to 4.7 % 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 18-22 February 2019.
For further information, please contact: Sr. Director, Global Finance & SDO, Malene Richter Christensen, tel.: +45 29741609.
Attachment
