Transactions in relation to share buyback program


Copenhagen, 2015-10-02 19:41 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 September 24, 2015 – October 2, 2015:

  No. of shares Average purchase price, DKK Transaction Value, DKK
   September 24, 2015 35,000 120.43 4,215,001
   September 25, 2015 28,000 119.65 3,350,337
   September 28, 2015 30,000 119.40 3,581,973
   September 29, 2015 30,000 116.92 3,507,558
   September 30, 2015 35,000 119.42 4,179,564
   October 1, 2015 30,000 122.28 3,668,322
   October 2, 2015 25,000 122.19 3,054,748
Accumulated under the program 3,179,970 134.65 428,196,937

  

Following the above transactions GN owns a total of 7,792,271 own shares corresponding to 4.8% 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:

 

Peter Justesen
VP – Investor Relations & Treasury
GN Store Nord A/S
Tel: +45 45 75 87 16


Attachments

Announcement 51 - Transactions under share buyback program.pdf