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Press Release

Transactions in relation to share buyback program


Posted on: 26 Jun 15

Copenhagen, 2017-02-21 10:57 CET (GLOBE NEWSWIRE) -- Acting under its share buyback authorization, the GN Store Nord board of directors initiated a share buyback program on March 11, 2016 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. 19 of March 11, 2016).

GN Store Nord’s share-buy-back program is applied without change, but shall going forward be subject to the European Parliament and of the Council’s regulation (EU) no 596/2014 of April 16, 2014, on market abuse and its ancillary acts.

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 March 11, 2016 and ending no later than March 13, 2017, GN intends to buy back shares for an amount of up to DKK 1,500 million.

The following transactions have been made under the program in the period February 14, 2017 –February 20, 2017: 

  No. of shares Average purchase price, DKK Transaction Value, DKK
   February 14, 2017 46,850 160.44 7,516,825
   February 15, 2017 91,294 160.70 14,670,873
   February 16, 2017 57,711 160.59 9,268,092
   February 17, 2017 69,444 160.49 11,145,047
   February 20, 2017 62,384 160.67 10,023,468
Accumulated under the program 9,417,041 140.98 1,327,656,550

Following the above transactions GN owns a total of 14,079,693 own shares corresponding to 9.1% of the company’s total share capital. Every Tuesday, GN will announce the number and value of repurchased shares in company announcements to Nasdaq Copenhagen.

 

For further information please contact:

Peter Justesen
VP – Investor Relations & Treasury
GN Store Nord A/S
Tel: +45 45 75 87 16

GlobeNewswire
globenewswire.com

Last updated on: 21/02/2017

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