Copenhagen, 2014-09-25 18:10 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, initiated on February 14, 2014 and concluded today, GN has bought back shares for an amount of DKK 500 million.
The following transactions have been made under the program in the period September 19, 2014 - September 25, 2014:
| No. of shares | Average purchase price, DKK | Transaction Value, DKK | |
| September 19, 2014 | 35,000 | 124.75 | 4,366,075 |
| September 22, 2014 | 20,000 | 124.66 | 2,493,226 |
| September 23, 2014 | 30,000 | 123.29 | 3,698,613 |
| September 24, 2014 | 18,000 | 123.42 | 2,221,639 |
| September 25, 2014 | 14,463 | 125.09 | 1,809,167 |
| Accumulated under the program | 3,648,162 | 137.06 | 499,999,950 |
Following the above transactions GN owns a total of 7,265,475 own shares corresponding to 4.3% of the company’s total share capital. Under the share buyback program, GN has repurchased a total of 3,648,162 shares, which equals a total transaction value of DKK 500 million.
For further information please contact:
Michael Bjergby
VP – IR, Communications, CSR & Treasury
GN Store Nord A/S
Tel: +45 45 75 02 92
