Copenhagen, 2012-08-15 18:05 CEST (GLOBE NEWSWIRE) -- Acting under its share buyback authorization, the GN Store Nord Board of Directors initiated a share buyback program on January 13, 2012 in accordance with the provisions of the European Commission’s regulation no 2273/2003 of 22 December 2003, also referred to as the Safe Harbor rules (company announcement no. 3 of January 13, 2012).
The share buyback program was initiated in order to reduce the company’s share capital. Under the share buyback program initiated January 13, 2012 and concluded as of today, GN has bought back shares in the company for an amount of DKK 1.3 billion.
The following transactions have been made under the program in the period August 8 – August 15, 2012:
| No. of shares | Average purchase price, DKK | Transaction Value, DKK | |
| August 8, 2012 | 173,000 | 74.03 | 12,807,847 |
| August 9, 2012 | 80,000 | 76.18 | 6,094,072 |
| August 10, 2012 | 175,521 | 75.45 | 13,243,059 |
| August 13, 2012 | 127,024 | 75.28 | 9,562,367 |
| August 14, 2012 | 82,746 | 76.21 | 6,306,073 |
| August 15, 2012 | 55,640 | 77.16 | 4,293,182 |
| Accumulated under the program | 20,171,655 | 64.45 | 1,299,999,312 |
Following the above transactions, GN owns a total of 20,241,969 own shares corresponding to 10.5% of the company’s total share capital. Under the share buyback program, GN has repurchased a total of 20,171,655 shares which equals a total transaction value of DKK 1.3 billion.
For further information, please contact:
Mikkel Danvold
VP, IR & Communications
GN Store Nord A/S
Tel: +45 45 75 02 71
