Bang & Olufsen

Transaction in Own Shares • Mar 25, 2019

Bang & Olufsen A/S – share buyback programme

Bang & Olufsen A/S – share buyback programme

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 March 2019 – 22 March 2019:

	No. of shares	Average purchase price (DKK)	Transaction value (DKK)
Total previous announcement	2,170,449	117.48	254,988,222
18 March 2019	15,000	90.44	1,356,600
19 March 2019	16,000	89.67	1,434,720
20 March 2019	17,000	88.89	1,511,130
21 March 2019	17,000	87.21	1,482,570
22 March 2019	18,000	84.88	1,527,840
Total this period	83,000	88.11	7,312,860
Accumulated under the programme	2,253,449	116.40	262,301,082

Following the above transactions, Bang & Olufsen holds a total of 2,363,439 own shares corresponding to 5.5 % 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 March 2019.

For further information, please contact: Sr. Director, Global Finance & SDO, Malene Richter Christensen, tel.: +45 29741609.

Attachment

• BO_1848_Weekly_SBB_announcement_week 12_UK