Transactions in relation to share buyback program


Copenhagen, 2016-02-09 10:28 CET (GLOBE NEWSWIRE) -- Acting under its share buyback authorization, the GN Store Nord board of directors initiated a share buyback program on October 30, 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. 59 of October 30, 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 October 30, 2015 and ending no later than March 9, 2016, 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 February 2, 2016 – February 8, 2016:

  No. of shares Average purchase price, DKK Transaction Value, DKK
   February 2, 2016 50,000 127.21 6,360,460
   February 3, 2016 51,000 122.93 6,269,374
   February 4, 2016 52,000 120.91 6,287,497
   February 5, 2016 52,000 119.47 6,212,409
   February 8, 2016 41,000 114.88 4,710,072
Accumulated under the program 2,888,850 125.07 361,304,533

Following the above transactions GN owns a total of 11,240,340 own shares corresponding to 6.9% of the company’s total share capital. Every Tuesday, GN will announce the number and value of repurchased shares in company announcements to Nasdaq 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 10 - Transactions under share buyback program.pdf