Transactions in relation to share buyback program

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| Source: GN Store Nord A/S
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Copenhagen, 2014-04-03 17:18 CEST (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 March 26, 2014 – April 3, 2014:

 

 

  No. of shares Average purchase price, DKK Transaction Value, DKK
   March 26, 2014 21,680 127.31 2,760,009
   March 27, 2014 24,792 128.05 3,174,638
   March 28, 2014 25,000 133.05 3,326,245
   March 31, 2014 19,480 134.36 2,617,352
   April 1, 2014 21,360 134.97 2,883,006
   April 2, 2014 21,254 136.21 2,894,937
   April 3, 2014 26,313 135.97 3,577,655
Accumulated under the program 878,513 131.16 115,224,382

 

Following the above transactions GN owns a total of 9,817,517 own shares corresponding to 5.7% 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