Transactions in relation to share buyback program

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| Source: GN Store Nord A/S
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Copenhagen, 2014-08-20 17:21 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 12, 2014 - August 20, 2014:

  

  No. of shares Average purchase price, DKK Transaction Value, DKK
   August 12, 2014 27,617 137.75 3,804,192
   August 13, 2014 22,590 138.74 3,134,245
   August 14, 2014 40,000 136.71 5,468,212
   August 15, 2014 44,615 136.73 6,100,329
   August 18, 2014 16,497 134.53 2,219,361
   August 19, 2014 28,000 134.36 3,761,951
   August 20, 2014 28,000 133.61 3,741,046
Accumulated under the program 2,810,823 139.49 392,095,485

 

Following the above transactions GN owns a total of 6,428,136 own shares corresponding to 3.8% 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
VP – IR, Communications, CSR & Treasury
GN Store Nord A/S
Tel: +45 45 75 02 92