Transactions in relation to share buyback program

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| Source: GN Store Nord A/S
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Copenhagen, 2014-08-11 18:11 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 August 1, 2014 - August 11, 2014:

 

  No. of shares Average purchase price, DKK Transaction Value, DKK
   August 1, 2014 25,936 140.02 3,631,525
   August 4, 2014 30,000 142.59 4,277,802
   August 5, 2014 21,537 142.98 3,079,464
   August 6, 2014 21,530 141.52 3,047,022
   August 7, 2014 28,000 142.38 3,986,724
   August 8, 2014 30,000 138.18 4,145,547
   August 11, 2014 26,224 140.26 3,678,165
Accumulated under the program 2,603,504 139.76 363,866,148

Following the above transactions GN owns a total of 6,220,817 own shares corresponding to 3.7% 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
VP – IR, Communications, CSR & Treasury
GN Store Nord A/S
Tel: +45 45 75 02 92