Published: 2013-02-07 17:23:11 CET
GN Store Nord A/S
Changes in company's own shares

Transactions in connection with share buyback program

Copenhagen, 2013-02-07 17:23 CET (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 December 22, 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 January 30, 2013 – February 7, 2013:

 

 

  No. of shares Average purchase price, DKK Transaction Value, DKK
January 30, 2013 60,000 90.10 5,405,712
January 31, 2013 37,000 89.64 3,316,569
February 1, 2013 39,000 90.73 3,538,427
February 4, 2013 45,000 91.38 4,111,970
February 5, 2013 35,000 90.93 3,182,582
February 6, 2013 37,000 91.31 3,378,500
February 7, 2013 54,000 91.66 4,949,435
Accumulated under the program 4,305,700 84.99 365,946,231

 

Transactions related to GN’s incentive programs have resulted in a net sale by GN of 27,000 shares in the period from January 30, 2013 to February 7, 2013. The shares in these transactions were not part of the Safe Harbor repurchase program.

 

Following the above transactions GN owns a total of 24,420,669 own shares corresponding to 12.6% 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


Announcement 5 - Transactions under Share buyback program.pdf