Transactions in relation to share buyback program

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| Source: GN Store Nord A/S
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Copenhagen, 2013-12-18 17:26 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 December 10, 2013 - December 18, 2013:

   

  No. of shares Average purchase price, DKK Transaction Value, DKK
December 10, 2013 22,170 129.90 2,879,870
December 11, 2013 40,000 128.45 5,137,968
December 12, 2013 31,216 126.06 3,935,048
December 13, 2013 24,241 126.60 3,068,901
December 16, 2013 18,500 126.61 2,342,363
December 17, 2013 42,246 126.36 5,338,243
December 18, 2013 32,500 126.32 4,105,238
Accumulated under the program 1,570,280 123.52 193,960,640

 

Following the above transactions GN owns a total of 8,502,227 own shares corresponding to 4.9% 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