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). 

GN Store Nord’s share-buy-back program is applied without change, but shall going forward be subject to the European Parliament and of the Council’s regulation (EU) no 596/2014 of April 16, 2014, on market abuse and its ancillary acts. 

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 August 16, 2016 – August 22, 2016: 

 

  No. of shares Average purchase price, DKK Transaction Value, DKK
   August 16, 2016 3,646 142.21 518,501
   August 17, 2016 3,500 141.28 494,472
   August 18, 2016 3,500 141.77 496,195
   August 19, 2016 4,326 141.97 614,148
   August 22, 2016 4,340 142.71 619,383
Accumulated under the program 2,972,895 129.75 385,720,742


Following the above transactions GN owns a total of 7,699,740 own shares corresponding to 4.97% 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

PUBLIC_sbb_GN_STORE_NORD.pdf Announcement 52 - Transactions under share buyback program.pdf