Transactions in relation to share buyback program


Copenhagen, 2017-01-10 15:27 CET (GLOBE NEWSWIRE) -- 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 January 3, 2017 –January 9, 2017:

  No. of shares Average purchase price, DKK Transaction Value, DKK
   January 3, 2017 144,759 149.08 21,580,643
   January 4, 2017 134,212 149.17 20,020,538
   January 5, 2017 76,207 148.76 11,336,774
   January 6, 2017 57,490 147.49 8,479,315
   January 9, 2017 81,913 147.37 12,071,863
Accumulated under the program 7,201,226 136.72 984,517,743

Following the above transactions GN owns a total of 11,863,878 own shares corresponding to 7.7% 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 3 - Transactions under share buyback program.pdf PUBLIC_sbb_GN_STORE_NORD.pdf