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 May 10, 2016 – May 13, 2016: 

 

  No. of shares Average purchase price, DKK Transaction Value, DKK
   May 10, 2016 26,000 129.53 3,367,770
   May 11, 2016 30,000 129.53 3,885,834
   May 12, 2016 33,938 128.83 4,372,093
   May 13, 2016 30,062 129.77 3,901,179
Accumulated under the program 1,289,646 132.65 171,077,578

 

Following the above transactions GN owns a total of 6,028,149 own shares corresponding to 3.9% 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 34 - Transactions under share buyback program.pdf