Bang & Olufsen

UBS Group AG has notified Bang & Olufsen A/S that its holding of shares and voting rights has crossed the 5 percent threshold. As of 09 July 2026, UBS Group AG held 7,676,171 shares and voting rights, representing 5.21 percent of the total share capital and voting rights in Bang & Olufsen A/S. The notification was made pursuant to the Danish Capital Markets Act.

Bang & Olufsen's Board of Directors has approved the annual grant under its long-term combined performance and restricted share-based incentive programme for a new three-year performance period from 1 June 2026 to 30 May 2029. The programme applies to the Executive Management Board, the Global Leadership Team and other key employees, and consists of Performance Shares and Retention Shares, with a minimum of 50% being Performance Shares. Vesting of Performance Shares depends on achievement of gross profit and relative total shareholder return targets, while Retention Shares vest subject to continued employment and satisfactory performance reviews. The maximum number of shares participants may receive is 5,102,932, with a total value of DKK 31.7 million at target performance based on the volume-weighted average price following the 2025/26 annual report.