Transactions in relation to share buyback program

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| Source: GN Store Nord A/S
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Copenhagen, 2013-12-09 19:04 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 29, 2013 - December 9, 2013:

  

  No. of shares Average purchase price, DKK Transaction Value, DKK
November 29, 2013 13,360 131.24 1,753,386
December 2, 2013 12,500 131.65 1,645,611
December 3, 2013 19,233 131.02 2,519,913
December 4, 2013 26,910 128.23 3,450,683
December 5, 2013 8,410 129.24 1,086,871
December 6, 2013 11,347 130.04 1,475,558
December 9, 2013 12,800 129.97 1,663,639
Accumulated under the program 1,359,407 122.96 167,153,010

Following the above transactions GN owns a total of 8,291,354 own shares corresponding to 4.8% 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