Transactions in relation to share buyback program

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| Source: GN Store Nord A/S
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Copenhagen, 2014-08-29 17:30 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 21, 2014 - August 29, 2014:

  

  No. of shares Average purchase price, DKK Transaction Value, DKK
   August 21, 2014 26,210 133.03 3,486,722
   August 22, 2014 45,000 132.35 5,955,705
   August 25, 2014 30,700 131.66 4,042,033
   August 26, 2014 26,540 130.96 3,475,620
   August 27, 2014 30,000 131.13 3,933,924
   August 28, 2014 51,426 129.54 6,661,734
   August 29, 2014 30,000 128.45 3,853,563
Accumulated under the program 3,050,699 138.82 423,504,786

 

Following the above transactions GN owns a total of 6,668,012 own shares corresponding to 4.0% 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