Transactions in relation to share buyback program

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| Source: GN Store Nord A/S
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Copenhagen, 2014-01-03 17:37 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 19, 2013 - January 3, 2014:

  

  No. of shares Average purchase price, DKK Transaction Value, DKK
December 19, 2013 15,000 127.73 1,915,940
December 20, 2013 20,000 128.09 2,561,738
December 23, 2013 15,352 130.15 1,998,087
December 27, 2013 17,223 131.99 2,273,322
December 30, 2013 19,593 133.20 2,609,799
January 2, 2014 40,000 133.34 5,333,420
January 3, 2014 13,000 133.27 1,732,544
Accumulated under the program 1,710,448 124.17 212,385,490

Following the above transactions GN owns a total of 8,642,395 own shares corresponding to 5.0% 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