Brief: Bang & Olufsen Announces Terms Of The Proposed Right Issue

Bang & Olufsen A/S

02/06/2020 19:02

June 2 (Reuters) - Bang & Olufsen A/S  BO.CO :
    * REG-BANG & OLUFSEN ANNOUNCES TERMS OF THE PROPOSED RIGHT
ISSUE
    * NOMINAL VALUE OF THE COMPANY’S SHARES IS PROPOSED TO BE
REDUCED
FROM DKK 10 TO DKK 5
    * BANG & OLUFSEN- CO’S SHARE CAPITAL IS PROPOSED TO BE
REDUCED BY
NOMINALLY DKK 204,620,145 FROM NOMINALLY DKK 409,240,290 TO
NOMINALLY DKK 204,620,145
    * BANG & OLUFSEN- PROPOSED TIMELINE FOR THE RIGHTS ISSUE IS
UNCHANGED

Source text for Eikon:  ID:nGNEc4bkyM 
Further company coverage:  BO.CO 

 ((Reuters.Briefs@thomsonreuters.com;))