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Bang & Olufsen A/S (BO.CO)

BO.CO on Copenhagen Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Bang & Olufsen divests Czech subsidiary to Tymphany Acoustic Technology
Monday, 13 Mar 2017 03:06am EDT 

Bang & Olufsen A/S : Divests Czech subsidiary, Bang & Olufsen S.R.O, to Tymphany Acoustic Technology . Cash flow impact to Bang & Olufsen is 123 million Danish crowns ($17.7 million) and accounting gain is expected to be 33 million crowns . Tymphany will produce Bang & Olufsen products in Czech factory as a trusted and selected supplier to bang & olufsen .All of Bang & Olufsen's Czech employees will be transferred to Tymphany at time of closing.  Full Article

Sparkle Roll Group raises stake in Denmark's Bang & Olufsen
Friday, 14 Oct 2016 10:47am EDT 

Bang & Olufsen A/S : Says Sparkle Roll Group Limited BVI has acquired further shares in Bang & Olufsen . Says Sparkle Roll now has 6,519,358 shares in the company, each of a nominal value of DKK 10, equal to approximately 15.1% .Says owner of Sparke Roll Group Limited and Sparkle Roll Holdings Limited, Mr. Qi Jianhong, now indirectly holds in total 20.7 percent of total share capital and equal percentage in voting rights..  Full Article

Bang & Olufsen Q1 revenue up at DKK 515 million
Tuesday, 4 Oct 2016 01:59am EDT 

Bang & Olufsen A/S : Q1 2016/17 revenue 515 million Danish crowns ($77.4 million) versus 506 million crowns year ago . Q1 2016/17 EBIT loss 89 million crowns versus loss 82 million crowns year ago . 2015/16 has been adjusted for non-recurring and aperiodic items and costs and license fees previously allocated to the Automotive business .Outlook for 2016/17 remains unchanged.  Full Article

Bang & Olufsen COO buys 5,000 co's shares
Thursday, 11 Aug 2016 05:26am EDT 

Bang & Olufsen A/S :Stefan Persson, COO, buys 5,000 shares for a total value of 352,950 Danish crowns ($52,911.28).  Full Article

Bang & Olufsen Q4 adjusted EBIT swings to profit of DKK 6 mln
Thursday, 11 Aug 2016 02:06am EDT 

Bang & Olufsen A/S : Q4 revenue was flat compared to Q4 last year (negative 1 per cent in local currency) . Q4 2015/16 adjusted EBIT 6 million Danish crowns ($900,000) versus loss 53 million crowns year ago . Q4 of 2015/16 showed continued strong growth in B&O play , which grew by 40 per cent driven by new product launches and continued expansion of retail network . Says in 2016/17 key focus will be to continue the growth of B&O play . 2016/17 revenue for the group is expected to grow compared to 2015/16 .2016/17 EBITDAC is expected to improve compared to EBITDAC of 14 million crowns in underlying business in 2015/16.  Full Article

Sparkle Roll Group raises stake in Bang & Olufsen to 14.6 pct
Tuesday, 9 Aug 2016 01:45am EDT 

Bang & Olufsen A/S : Said on Monday Sparkle Roll Group Limited BVI had acquired further shares in Bang & Olufsen A/S . Sparkle Roll Group Limited BVI holds 6,318,586 shares in the Company, each of a nominal value of 10 Danish crowns ($1.49), equal to 14.6 pct of the share capital and voting rights in the Company . Sparkle Roll Group Limited BVI is 100 per cent owned by Qi Jianhong .Subsequent to Sparkle Roll Group Limited BVI’s acquisition of shares in Bang & Olufsen A/S Qi Jianhong therefore in total indirectly holds 8,722,772 shares of a nominal value of 10 crowns each, corresponding to about 20.2 pct of total share capital and of total voting rights in company.  Full Article

Bang & Olufsen appoints Henrik Clausen new CEO
Tuesday, 26 Apr 2016 02:00am EDT 

Bang & Olufsen A/S:Henrik Clausen replaces Tue Mantoni as CEO.Has appointed Henrik Clausen as new CEO with effect from July 1, 2016.Mantoni, who became CEO in March 2011, steps down when Clausen takes over and will remain available for a transition phase.  Full Article

Bang & Olufsen A/S: Dialogue regarding potential launch of takeover offer terminated
Friday, 15 Apr 2016 09:30am EDT 

Bang & Olufsen A/S:Requested that Sparkle Roll, no later than April 15, 2016, commit to either launch a tender offer, or substantiate its ability to do so.Sparkle Roll has not committed to launch a tender offer for all shares in Bang & Olufsen and has not been able to substantiate its ability to launch such a tender offer.Bang & Olufsen’s Board of Directors has decided to inform Sparkle Roll that it considers the dialogue regarding a potential tender offer terminated.  Full Article

Delta Lloyd sells its entire stake in Bang & Olufsen
Friday, 8 Apr 2016 05:21am EDT 

Bang & Olufsen A/S:Delta Lloyd N.V. and its group companies have disposed all of their shares in Bang & Olufsen.  Full Article

Bang & Olufsen: Sparkle Roll's Qi Jianhong increases stake in B&O to 18.7 pct
Thursday, 7 Apr 2016 12:38pm EDT 

Bang & Olufsen A/S:Says Sparkle Roll Group Limited BVI has increased its stake in B&O to 13.1 percent of the share capital.Says Mr. Qi Jianhong, who owns Sparkle Roll Group Limited BVI, now indirectly holds 18.7 percent of the share capital in B&O.Said last month that it was in talks about a potential takeover offer for B&O from Sparkle Roll.Mr. Qi Jianhong also owns 28 percent of Hong Kong-listed Sparkle Roll Group Limited.  Full Article

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BRIEF-Bang & Olufsen divests Czech subsidiary to Tymphany Acoustic Technology

* Divests Czech subsidiary, Bang & Olufsen S.R.O, to Tymphany Acoustic Technology