Transactions in connection with share buyback program
27 Jul, 2012 17:41 CET
GN Store Nord A/S
Changes in company's own shares
Transactions in connection with share buyback program
Copenhagen, 2012-07-27 17:41 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 has been initiated in order to reduce the company’s
share capital. Under the share buyback program which is running from January
13, 2012 and ending no later than December 31, 2012, GN intends to buy back
shares in the company for an amount of up to DKK 1.3 billion. At the Annual
General Meeting on March 22, 2012, the GN Store Nord Board of Directors was
granted authorization to acquire up to 20% of the share capital.
The following transactions have been made under the program in the period July
19 – July 27, 2012:
No. of Average purchase Transaction Value,
shares price, DKK DKK
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July 19, 2012 23,673 74.99 1,775,151
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July 20, 2012 32,834 75.19 2,468,831
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July 23, 2012 122,186 73.22 8,945,958
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July 24, 2012 37,598 73.39 2,759,129
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July 25, 2012 32,685 73.19 2,392,127
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July 26, 2012 150,000 72.55 10,882,305
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July 27, 2012 45,000 72.86 3,278,678
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Accumulated under the 18,845,117 63.78 1,201,887,442
program
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Following the above transactions, GN owns a total of 18,915,431 own shares
corresponding to 9.8% 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:
Mikkel Danvold
VP, IR & Communications
GN Store Nord A/S
Tel: +45 45 75 02 71