Annual General Meeting in Bang & Olufsen a/s

Annual General Meeting in Bang & Olufsen a/s

At today’s Annual General Meeting, the following resolutions were approved in accordance with the agenda.

The general meeting took note of the Board of Directors' report, approved the company's audited annual report for the financial year 2022/23 and granted discharge to the company's Executive Management Board and Board of Directors.

Furthermore, the general meeting resolved that no dividend should be paid and that the year’s profit was to be carried forward to the next financial year.

The general meeting approved the remuneration report for 2022/23.

The Board of Directors had submitted the following proposals which were adopted by the general meeting:

• Approval of the remuneration to the Board of Directors for the financial year 2023/24.
• Renewal of authorisation to the Board of Directors to allow the company to acquire treasury shares in the period until 15 August 2024 up to a total of 10% of the company’s share capital at the time of the authorisation, provided that the company’s total holding of treasury shares does not at any time exceed 10% of the company share capital and that the purchase price paid at the time of the acquisition does not differ by more than 10% from the quoted price on Nasdaq Copenhagen A/S.
• Renewal of authorisations to the Board of Directors in the articles of association to increase the company's share capital with or without pre-emptive rights by up to a nominal value of DKK 61,386,043.50 in the period until 15 August 2024.
• Authorisation to the chair of the meeting to notify the Danish Business Authority of the resolutions adopted and make such amendments to the documents submitted to the Danish Business Authority as the Danish Business Authority may require.

The board members Juha Christen Christensen, Albert Bensoussan, Jesper Jarlbæk, Anders Colding Friis, Tuula Rytilä and M. Claire Chung were re-elected to the Board of Directors.

The accounting firm Deloitte Statsautoriseret Revisionspartnerselskab was re-elected as auditors of the company.

Following the Annual General Meeting, the Board of Directors constituted itself with Juha Christen Christensen as Chairman and Albert Bensoussan as Vice Chairman of the Board of Directors.

Juha Christen Christensen                 Kristian Teär
Chairman                                           CEO

For further information, please contact:

Cristina Rønde HeftingDirector, Investor Relations
Phone: +45 4153 7303

Jens Gamborg
Head of Group Communications
Phone: +45 2496 9371

Attachment

• BO_2304_Decisions of the Annual General Meeting 2023