Core Points - The Board of Directors of Bang & Olufsen A/S has approved a long-term restricted share program for 2025/26 aimed at the Executive Management Board, key employees, and certain other employees [1] - The program includes a minimum of 50% Performance Shares that vest over three financial years based on the achievement of specific KPIs related to revenue, EBIT, and Free Cash Flow [2] - The remaining shares are Retention Shares, which require continued employment and satisfactory performance reviews, also vesting in three equal tranches over the same period [3] - The maximum number of shares available under the program is 5,726,723, with vested shares released after the approval of the annual report for 2027/28, subject to acceleration under extraordinary events [4] - The total value of the restricted shares for all participants is estimated at DKK 38.4 million, assuming target level performance is achieved [5]