Copenhagen, 2012-10-25 18:12 CEST (GLOBE NEWSWIRE) -- Acting under its share buyback authorization, the GN Store Nord Board of Directors initiated a share buyback program on August 20, 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. 40 of August 20, 2012).
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 August 20, 2012 and ending no later than February 28, 2013, GN intends to buy back shares for an amount of up to DKK 400 million.
The following transactions have been made under the program in the period October 17– October 25, 2012:
| No. of shares | Average purchase price, DKK | Transaction Value, DKK | |
| October 17, 2012 | 32,000 | 89.43 | 2,861,824 |
| October 18, 2012 | 20,000 | 90.19 | 1,803,842 |
| October 19, 2012 | 30,000 | 90.16 | 2,704,695 |
| October 22, 2012 | 38,000 | 89.75 | 3,410,378 |
| October 23, 2012 | 50,000 | 88.11 | 4,405,510 |
| October 24, 2012 | 20,000 | 88.60 | 1,772,048 |
| October 25, 2012 | 15,000 | 89.94 | 1,349,156 |
| Accumulated under the program | 1,589,000 | 84.38 | 134,082,151 |
Following the above transactions GN owns a total of 21,730,969 own shares corresponding to 11.2% of the company’s total share capital. Every seventh trading day GN will announce the number and value of repurchased shares in company announcements to NASDAQ OMX Copenhagen.
For further information, please contact:
Michael Bjergby
Director – IR, Communications, CSR & Treasury
GN Store Nord A/S
Tel: +45 45 75 02 92
