Transactions in connection with share buyback program
1/29/2013 12:20 PM EST
GN Store Nord A/S
Changes in company's own shares
Transactions in connection with share buyback program
Copenhagen, 2013-01-29 18:20 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 21, 2013 – January 29, 2013:
No. of Average purchase Transaction Value,
shares price, DKK DKK
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January 21, 2013 70,000 88.02 6,161,358
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January 22, 2013 65,000 87.44 5,683,665
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January 23, 2013 50,000 88.50 4,424,835
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January 24, 2013 50,000 89.11 4,455,520
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January 25, 2013 60,000 90.02 5,400,984
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January 28, 2013 60,000 90.03 5,401,986
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January 29, 2013 60,000 89.63 5,377,572
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Accumulated under the 3,998,700 84.54 338,063,038
program
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Following the above transactions GN owns a total of 24,140,669 own shares
corresponding to 12.5% 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