Transactions in relation to share buyback program

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| Source: GN Store Nord A/S
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Copenhagen, 2014-02-24 17:22 CET (GLOBE NEWSWIRE) -- Acting under its share buyback authorization, the GN Store Nord board of directors initiated a share buyback program on February 14, 2014 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. 6 of February 14, 2014).

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 February 14, 2014 and ending no later than September 30, 2014, GN intends to buy back shares for an amount of up to DKK 500 million.

The following transactions have been made under the program in the period February 14, 2014 - February 24, 2014:

  

  No. of shares Average purchase price, DKK Transaction Value, DKK
February 14, 2014 40,000 136.11 5,444,340
February 17, 2014 20,149 135.57 2,731,566
February 18, 2014 24,650 134.49 3,315,073
February 19, 2014 30,080 133.61 4,018,995
February 20, 2014 29,478 131.27 3,869,489
February 21, 2014 20,840 132.22 2,755,402
February 24, 2014 25,000 133.62 3,340,525
Accumulated under the program 190,197 133.94 25,475,389

 

Following the above transactions GN owns a total of 9,498,481 own shares corresponding to 5.5% 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