Bang & Olufsen

Transaction in Own Shares • Oct 22, 2018

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 15 October 2018 – 19 October 2018:

	No. of shares	Average purchase price (DKK)	Transaction value (DKK)
Total previous announcement	510,449	143.93	73,470,280
15 October 2018	20,000	125.65	2,513,000
16 October 2018	15,000	128.77	1,931,550
17 October 2018	18,000	131.46	2,366,280
18 October 2018	17,000	132.28	2,248,760
19 October 2018	20,000	130.64	2,612,800
Total this period	90,000	129.69	11,672,390
Accumulated under the programme	600,449	141.80	85,142,670

Following the above transactions, Bang & Olufsen holds a total of 710,439 own shares corresponding to 1.6 % 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 15-19 October 2018.

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

Attachment

• BO_1817_Weekly_SBB_announcement_week 42_UK