Bang & Olufsen announces terms of the proposed right issue
This announcement and the information contained herein is not for release, publication or distribution, directly or indirectly, in or into the United States, Canada, Australia or Japan or any jurisdiction in which such publication or distribution is unlawful. This announcement does not constitute or form a part of any offer to sell or solicitation of an offer to purchase or subscribe for securities in United States, Canada, Australia or Japan or any other jurisdiction in which it would be unlawful to do so. Any failure to comply with this may constitute a violation of US, Canadian, Australian or Japanese securities laws or the securities laws of other states as the case may be. Any securities described herein may not be offered or sold in the United States absent registration or an exemption from registration; any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the company that will contain detailed information about the company and management, as well as financial statements.
Further to company announcements 19.22 and 19.23 dated 12 May 2020, the Board of Directors of Bang & Olufsen A/S hereby announces the terms of the proposed rights issue and the related share capital increase and reduction submitted for approval by the extraordinary general meeting on 3 June 2020:
Share capital reduction, agenda item 1: The nominal value of the company’s shares is proposed to be reduced from DKK 10 to DKK 5.For further information about the extraordinary general meeting and the other terms of the proposals submitted for approval at the meeting, please see company announcement 19.23.
Any questions may be directed to:
Martin Raasch Egenhardt
Director, Investor Relations
Phone: +45 5370 7439Jens Gamborg
Head of Group Communications
Phone: +45 2496 9371Forward-looking-statement disclaimer:
Certain statements in this announcement are forward-looking statements which are based on the company’s expectations, intentions and projections regarding its future performance, anticipated events or trends and other matters that are not historical facts, including with respect to the timing, terms and consummation of the rights issue described herein. These forward-looking statements, which may use words such as “aim”, “anticipate”, “believe”, “intend”, “estimate”, “expect” and words of similar meaning, include all matters that are not historical facts. These forward-looking statements involve risks, and uncertainties that could cause the actual results of operations, financial condition, liquidity, dividend policy and the development of the industry in which the company’s business operates to differ materially from the impression created by the forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Given these risks and uncertainties, prospective investors are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date of such statements and, except as required by applicable law, Bang & Olufsen undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
AttachmentBO_2002_Terms of the proposed right issue
Further to company announcements 19.22 and 19.23 dated 12 May 2020, the Board of Directors of Bang & Olufsen A/S hereby announces the terms of the proposed rights issue and the related share capital increase and reduction submitted for approval by the extraordinary general meeting on 3 June 2020:
Share capital reduction, agenda item 1: The nominal value of the company’s shares is proposed to be reduced from DKK 10 to DKK 5.For further information about the extraordinary general meeting and the other terms of the proposals submitted for approval at the meeting, please see company announcement 19.23.
Any questions may be directed to:
Martin Raasch Egenhardt
Director, Investor Relations
Phone: +45 5370 7439Jens Gamborg
Head of Group Communications
Phone: +45 2496 9371Forward-looking-statement disclaimer:
Certain statements in this announcement are forward-looking statements which are based on the company’s expectations, intentions and projections regarding its future performance, anticipated events or trends and other matters that are not historical facts, including with respect to the timing, terms and consummation of the rights issue described herein. These forward-looking statements, which may use words such as “aim”, “anticipate”, “believe”, “intend”, “estimate”, “expect” and words of similar meaning, include all matters that are not historical facts. These forward-looking statements involve risks, and uncertainties that could cause the actual results of operations, financial condition, liquidity, dividend policy and the development of the industry in which the company’s business operates to differ materially from the impression created by the forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Given these risks and uncertainties, prospective investors are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date of such statements and, except as required by applicable law, Bang & Olufsen undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
AttachmentBO_2002_Terms of the proposed right issue
