Transactions in relation to share buyback program

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| Source: GN Store Nord A/S
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Transactions in relation to share buyback program, 2013-11-28 17:29 CET (GLOBE NEWSWIRE) -- Acting under its share buyback authorization, the GN Store Nord Board of Directors initiated a share buyback program on August 14, 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 (Company announcement no. 40 of August 14, 2013).

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 14, 2013 and ending no later than March 21, 2014, 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 November 20, 2013 – November 28, 2013:

  

  No. of shares Average purchase price, DKK Transaction Value, DKK
November 20, 2013 22,000 131.24 2,887,247
November 21, 2013 6,085 132.21 804,483
November 22, 2013 9,533 132.89 1,266,865
November 25, 2013 12,500 132.72 1,658,979
November 26, 2013 10,731 132.29 1,419,614
November 27, 2013 20,025 131.95 2,642,225
November 28, 2013 27,847 131.69 3,667,032
Accumulated under the program 1,254,847 122.37 153,557,348

 

Following the above transactions GN owns a total of 8,186,794 own shares corresponding to 4.7% 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

Senior Director – IR, Communications, CSR & Treasury

GN Store Nord A/S

Tel: +45 45 75 02 92