Transactions in relation to share buyback program


Copenhagen, 2013-05-17 17:51 CEST (GLOBE NEWSWIRE) -- Acting under its share buyback authorization, the GN Store Nord Board of Directors initiated a share buyback program on February 21, 2013 in accordance with the provisions of the European Commission’s regulation no. 2273/2003 of December 22, 2003, also referred to as the Safe Harbor rules (announced in the Annual Report 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 February 21, 2013 and ending no later than December 31, 2013, GN intends to buy back shares for an amount of up to DKK 300 million.

The following transactions have been made under the program in the period May 7, 2013 – May 17, 2013:

 

 

  No. of shares Average purchase price, DKK Transaction Value, DKK
May 7, 2013 15,243 109.80 1,673,750
May 8, 2013 12,000 109.89 1,318,650
May 13, 2013 7,500 114.86 861,443
May 14, 2013 19,114 115.26 2,202,996
May 15, 2013 30,000 116.12 3,483,501
May 16, 2013 32,500 116.28 3,779,100
May 17, 2013 56,000 114.37 6,404,462
Accumulated under the program 1,501,100 106.03 159,163,154

 

Following the above transactions GN owns a total of 5,673,236 own shares corresponding to 3.3% 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:


Michael Bjergby

Director – IR, Communications, CSR & Treasury

GN Store Nord A/S

Tel: +45 45 75 02 92


Attachments

Announcement 26 - Transactions under Share buyback program.pdf