Transactions in relation to share buyback program

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| Source: GN Store Nord A/S
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Copenhagen, 2014-04-14 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 April 4, 2014 – April 14, 2014:

  

  No. of shares Average purchase price, DKK Transaction Value, DKK
   April 4, 2014 28,000 136.15 3,812,214
   April 7, 2014 26,440 136.31 3,603,984
   April 8, 2014 27,126 135.71 3,681,264
   April 9, 2014 28,000 136.04 3,809,081
   April 10, 2014 21,070 136.31 2,872,144
   April 11, 2014 30,000 133.82 4,014,612
   April 14, 2014 35,000 130.07 4,552,380
Accumulated under the program 1,074,149 131.80 141,570,061

 

Following the above transactions GN owns a total of 10,013,153 own shares corresponding to 5.8% 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