Transactions in relation to share buyback program

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| Source: GN Store Nord A/S
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Copenhagen, 2014-04-28 17:52 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 15, 2014 – April 28, 2014:

  

  No. of shares Average purchase price, DKK Transaction Value, DKK
   April 15, 2014 28,802 130.03 3,745,049
   April 16, 2014 28,000 130.47 3,653,096
   April 22, 2014 21,300 132.21 2,816,079
   April 23, 2014 28,000 133.37 3,734,466
   April 24, 2014 35,000 132.90 4,651,549
   April 25, 2014 13,508 131.66 1,778,515
   April 28, 2014 30,000 130.42 3,912,582
Accumulated under the program 1,258,759 131.77 165,861,397

 

Following the above transactions GN owns a total of 4,889,479 own shares corresponding to 2.9% 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