Transactions in connection with share buyback program Copenhagen Stock Exchange:GN

Transactions in connection with share buyback program

October 16, 2012 11:58 | Source: GN Store Nord A/S

multilang-release

Copenhagen, 2012-10-16 17:58 CEST (GLOBE NEWSWIRE) -- Acting under its share buyback authorization, the GN Store Nord Board of Directors initiated a share buyback program on August 20, 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. 40 of August 20, 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 August 20, 2012 and ending no later than February 28, 2013, GN intends to buy back shares for an amount of up to DKK 400 million.

The following transactions have been made under the program in the period October 8 – October 16, 2012:

	No. of shares	Average purchase price, DKK	Transaction Value, DKK
October 8, 2012	30,000	89.35	2,680,398
October 9, 2012	30,000	88.86	2,665,818
October 10, 2012	30,000	88.40	2,651,868
October 11, 2012	20,000	88.67	1,773,418
October 12, 2012	40,000	88.65	3,546,016
October 15, 2012	20,000	89.44	1,788,826
October 16, 2012	30,000	90.26	2,707,797
Accumulated under the program	1,384,000	83.65	115,774,698

Following the above transactions GN owns a total of 21,525,969 own shares corresponding to 11.1% 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:

Michael Bjergby

Director – IR, Communications, CSR & Treasury

GN Store Nord A/S

Tel: +45 45 75 02 92