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 March 2019 – 08 March 2019:
| No. of shares | Average purchase price (DKK) | Transaction value (DKK) | |
| Total previous announcement | 2,019,449 | 119.26 | 240,832,492 |
| 04 March 2019 | 16,000 | 96.98 | 1,551,680 |
| 05 March 2019 | 15,000 | 95.80 | 1,437,000 |
| 06 March 2019 | 15,000 | 96.52 | 1,447,800 |
| 07 March 2019 | 15,000 | 95.71 | 1,435,650 |
| 08 March 2019 | 15,000 | 93.67 | 1,405,050 |
| Total this period | 76,000 | 95.75 | 7,277,180 |
| Accumulated under the programme | 2,095,449 | 118.40 | 248,109,672 |
Following the above transactions, Bang & Olufsen holds a total of 2,205,439 own shares corresponding to 5.1 % 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 4-8 March 2019.
For further information, please contact: Sr. Director, Global Finance & SDO, Malene Richter Christensen, tel.: +45 29741609.
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