Transactions in relation to share buyback program


Copenhagen, 2015-01-09 17:36 CET (GLOBE NEWSWIRE) -- Acting under its share buyback authorization, the GN Store Nord board of directors initiated a share buyback program on November 6, 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. 43 of November 5, 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 November 6, 2014 and ending no later than March 19, 2015, 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 December 30, 2014 – January 9, 2015:

  

  No. of shares Average purchase price, DKK Transaction Value, DKK
   December 30, 2014 40,000 134.88 5,395,344
   January 2, 2015 25,820 135.03 3,486,475
   January 5, 2015 26,219 136.42 3,576,709
   January 6, 2015 25,660 134.23 3,444,285
   January 7, 2015 45,000 129.33 5,819,909
   January 8, 2015 25,784 129.19 3,330,942
   January 9, 2015 30,752 130.86 4,024,265
Accumulated under the program 1,342,842 131.67 176,816,621

Following the above transactions GN owns a total of 8,608,317 own shares corresponding to 5.1% 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


Attachments

Announcement 1 - Transactions under share buyback program.pdf