Transactions in Connection with Share Buyback Program


Copenhagen, 2011-09-08 17:51 CEST (GLOBE NEWSWIRE) -- Acting on its authorization to acquire up to 15% of the company’s shares the GN Store Nord Board of Directors initiated a share buyback program on August 11, 2011 in accordance with the provisions of the European Commission’s regulation no 2273/2003 of 22 December 2003, also referred to as the Safe Harbour rules (Company announcement no. 26 of August 10, 2011).

The share buyback program has been initiated in order to reduce the company’s share capital. Under the share buyback program which is running from August 11, 2011 and ending no later than November 9, 2011, GN intends to buy back shares in the company for an amount of up to DKK 200 million. 

The following transactions have been made under the program in the period August 31 - September 8, 2011:

  No. of shares Average purchase price, DKK Transaction Value, DKK
August 31, 2011 0 0.00 0
September 01, 2011 107,657 36.45 3,924,453
September 02, 2011 175,469 35.73 6,268,700
September 05, 2011 175,469 34.03 5,970,877
September 06, 2011 175,469 33.86 5,940,749
September 07, 2011 99,137 34.72 3,442,453
September 08, 2011 175,469 35.64 6,253,926
Accumulated under the program 2,128,597   75,073,490

Following the above transactions, GN owns a total of 7,598,089 own shares corresponding to 3.6% of the company’s total share capital. GN will continue to announce the number and value of repurchased shares in company announcements to NASDAQ OMX Copenhagen.

 

For further information please contact:

Mikkel Danvold

VP, IR & Communications

 

GN Store Nord A/S

Tel: +45 45 75 02 71


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