Transactions in relation to share buyback program


Acting under its share buyback authorization, the GN Store Nord board of directors initiated a share buyback program on March 11, 2016 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. 19 of March 11, 2016).

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 11, 2016 and ending no later than March 13, 2017, GN intends to buy back shares for an amount of up to DKK 1,500 million.

The following transactions have been made under the program in the period April 19, 2016 – April 25, 2016:
 

  No. of shares Average purchase price, DKK Transaction Value, DKK
   April 19, 2016 27,000 136.15 3,676,134
   April 20, 2016 30,000 135.08 4,052,283
   April 21, 2016 22,000 133.03 2,926,552
   April 25, 2016 25,000 131.91 3,297,808
Accumulated under the program 914,646 134.02 122,583,172

 

Following the above transactions GN owns a total of 5,653,149 own shares corresponding to 3.7% 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 28 - Transactions under share buyback program.pdf