Bang & Olufsen A/S – Initiation of share buyback programme to hedge the company’s share-based incentive programmes

Core Points - Bang & Olufsen has announced a share buyback programme with a total value of up to DKK 65 million, set to begin immediately and conclude by 14 August 2026 [1] - The programme aims to hedge share-based long-term incentive programmes approved by the general meeting [1] - The share buyback is compliant with EU regulations, specifically the EU Commission Regulation No. 596/2014 and the Safe Harbour Regulation [2] Summary by Sections - Programme Details - The share buyback programme is authorized by the board of directors, allowing the acquisition of treasury shares up to 10% of the company's share capital [3] - As of the initiation, Bang & Olufsen holds 3,113,183 own shares, which is 2.1% of the total share capital [4] - Management and Execution - Nordea has been appointed as the lead manager for the share buyback programme, making independent trading decisions [4] - The maximum number of shares to be acquired is limited to 5,000,000, and purchases will not exceed 10% of the company's share capital at any time [7] - Trading Guidelines - Shares will be purchased at prices not exceeding the higher of the last independent transaction price or the highest independent purchase bid [7] - Daily purchases are capped at 25% of the average daily trading volume over the preceding 20 trading days [7] - The company will report purchases made under the programme at least every seventh trading day [7] - The programme can be suspended or stopped at any time with a company announcement [7]