Transactions in relation to share buyback program


Copenhagen, 2015-06-08 17:20 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 28, 2015 – June 8, 2015:

  

  No. of shares Average purchase price, DKK Transaction Value, DKK
   May 28, 2015 21,569 144.69 3,120,747
   May 29, 2015 20,431 146.86 3,000,593
   June 1, 2015 30,000 143.02 4,290,489
   June 2, 2015 24,000 141.81 3,403,522
   June 3, 2015 26,000 140.61 3,655,985
   June 4, 2015 25,000 138.99 3,474,635
   June 8, 2015 28,000 138.33 3,873,100
Accumulated under the program 987,390 145.48 143,643,707

 

Following the above transactions GN owns a total of 5,599,691 own shares corresponding to 3.5% 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


Attachments

Announcement 33 - Transactions under share buyback program.pdf