Copenhagen, 2015-05-27 17:31 CEST (GLOBE NEWSWIRE) -- Acting under its share buyback authorization, the GN Store Nord board of directors initiated a share buyback program on March 20, 2015 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. 20 of March 20, 2015).
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 March 20, 2015 and ending no later than October 29, 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 May 18, 2015 – May 27, 2015:
| No. of shares | Average purchase price, DKK | Transaction Value, DKK | |
| May 18, 2015 | 22,179 | 141.45 | 3,137,118 |
| May 19, 2015 | 22,821 | 143.45 | 3,273,693 |
| May 20, 2015 | 25,000 | 144.92 | 3,623,110 |
| May 21, 2015 | 18,000 | 143.49 | 2,582,782 |
| May 22, 2015 | 20,000 | 143.20 | 2,864,020 |
| May 26, 2015 | 17,620 | 141.93 | 2,500,881 |
| May 27, 2015 | 25,380 | 141.93 | 3,602,173 |
| Accumulated under the program | 812,390 | 146.27 | 118,824,636 |
In the period from May 18, 2015 to May 27, 2015 the exercise of warrants under GN’s incentive programs have resulted in a transfer of 2,998 GN shares to key employees.
Following the above transactions GN owns a total of 5,424,691 own shares corresponding to 3.3% 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
Vice President – Investor Relations & Treasury
GN Store Nord A/S
Tel: +45 45 75 02 92
