Carnegie acted as Sole Global Coordinator and Bookrunner in the DKK 228 million directed share issue in Bang & Olufsen A/S

Carnegie acted as Sole Global Coordinator and Bookrunner in the directed share issue and private placement of 24,554,416 new shares in Bang & Olufsen A/S (“B&O” or the “Company”), corresponding to 20% of B&O’s current registered share capital. The transaction was structured as a private placement to a club of existing and new institutional and professional investors in Denmark and internationally (the “Private Placement”). The Company will receive gross proceeds of DKK 228 million. The net proceeds from the Private Placement is intended to fund investments in further strengthening of B&O’s position in the luxury audio market by increasing global brand awareness, optimising the retail network and continuing to invest in the product portfolio.

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