Transactions in relation to share buyback program

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| Source: GN Store Nord A/S
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Copenhagen, 2014-01-14 17:51 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 January 6, 2014 - January 14, 2014:

  

  No. of shares Average purchase price, DKK Transaction Value, DKK
January 6, 2014 39,130 134.38 5,258,172
January 7, 2014 41,794 132.09 5,520,557
January 8, 2014 47,739 132.71 6,335,428
January 9, 2014 41,463 133.45 5,533,374
January 10, 2014 43,744 133.52 5,840,743
January 13, 2014 77,256 131.25 10,139,750
January 14, 2014 50,000 129.64 6,482,080
Accumulated under the program 2,051,574 125.51 257,495,594

 

Following the above transactions GN owns a total of 8,983,521 own shares corresponding to 5.2% 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