Copenhagen, 2012-05-03 18:21 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 April
25 – May 3, 2012:
No. of Average purchase Transaction Value,
shares price, DKK DKK
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April 25, 2012 176,000 63.81 11,230,560
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April 26, 2012 102,500 63.03 6,460,063
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April 27, 2012 157,000 62.93 9,879,225
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April 30, 2012 170,697 63.05 10,762,617
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May 01, 2012 115,439 63.06 7,279,283
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May 02, 2012 205,781 61.70 12,696,976
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May 03, 2012 126,145 64.73 8,165,896
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Accumulated under the 11,750,600 60.22 707,567,193
program
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Following the above transactions, GN owns a total of 11,935,754 own shares
corresponding to 6.2% 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:
Mikkel Danvold
VP, IR & Communications
GN Store Nord A/S
Tel: +45 45 75 02 71