Transactions in relation to share buyback program

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| Source: GN Store Nord A/S
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Copenhagen, 2014-07-22 17:15 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 14, 2014 - July 22, 2014:

 

 

  No. of shares Average purchase price, DKK Transaction Value, DKK
   July 14, 2014 30,000 149.56 4,486,890
   July 15, 2014 19,125 147.06 2,812,436
   July 16, 2014 5,000 150.38 751,903
   July 17, 2014 11,000 150.07 1,650,748
   July 18, 2014 20,000 148.57 2,971,462
   July 21, 2014 6,392 148.87 951,594
   July 22, 2014 10,000 150.12 1,501,217
Accumulated under the program 2,277,856 139.37 317,464,035

 

Following the above transactions GN owns a total of 5,895,169 own shares corresponding to 3.5% 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