Transactions in relation to share buyback program

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| Source: GN Store Nord A/S
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Copenhagen, 2014-03-05 18:43 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 25, 2014 - March 5, 2014:

  

  No. of shares Average purchase price, DKK Transaction Value, DKK
February 25, 2014 20,570 135.23 2,781,584
February 26, 2014 22,420 134.10 3,006,589
February 27, 2014 29,136 131.81 3,840,346
February 28, 2014 25,000 132.65 3,316,203
March 3, 2014 35,000 130.36 4,562,436
March 4, 2014 22,300 132.38 2,951,971
March 5, 2014 29,650 131.48 3,898,338
Accumulated under the program 374,273 133.15 49,832,856

Following the above transactions GN owns a total of 9,682,557 own shares corresponding to 5.6% 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