Transactions in connection with share buyback program


Copenhagen, 2012-07-09 17:46 CEST (GLOBE NEWSWIRE) -- Acting under its share buyback authorization, the GN Store Nord Board of Directors initiated a share buyback program on January 13, 2012 in accordance with the provisions of the European Commission’s regulation no 2273/2003 of 22 December 2003, also referred to as the Safe Harbor rules (Company announcement no. 3 of January 13, 2012). 

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 January 13, 2012 and ending no later than December 31, 2012, GN intends to buy back shares in the company for an amount of up to DKK 1.3 billion. At the Annual General Meeting on March 22, 2012, the GN Store Nord Board of Directors was granted authorization to acquire up to 20% of the share capital.

The following transactions have been made under the program in the period June 29 – July 9, 2012: 

 

  No. of shares Average purchase price, DKK Transaction Value, DKK
June 29, 2012 84,660 70.89 6,001,759
July 2, 2012 35,000 72.66 2,543,062
July 3, 2012 48,789 74.17 3,618,680
July 4, 2012 44,500 74.09 3,297,005
July 5, 2012 45,000 74.31 3,343,739
July 6, 2012 113,617 74.72 8,489,030
July 9, 2012 105,024 72.96 7,662,551
Accumulated under the program 17,958,119 63.30 1,136,664,579

 

Following the above transactions, GN owns a total of 18,030,213 own shares corresponding to 9.3% of the company’s total share capital. Every seventh trading day GN will 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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