Transactions in relation to share buyback program

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| Source: GN Store Nord A/S
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Copenhagen, 2014-07-11 19:24 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 July 3, 2014 - July 11, 2014:

  

  No. of shares Average purchase price, DKK Transaction Value, DKK
   July 3, 2014 19,440 153.92 2,992,226
   July 4, 2014 16,305 153.28 2,499,310
   July 7, 2014 32,000 152.19 4,870,234
   July 8, 2014 25,000 152.66 3,816,580
   July 9, 2014 22,500 150.72 3,391,106
   July 10, 2014 26,450 147.63 3,904,893
   July 11, 2014 20,800 149.50 3,109,637
Accumulated under the program 2,176,339 138.92 302,337,784

Following the above transactions GN owns a total of 5,793,652 own shares corresponding to 3.4% 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
VP – IR, Communications, CSR & Treasury
GN Store Nord A/S
Tel: +45 45 75 02 92