Copenhagen, 2012-06-28 17:39 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 June
20 – June 28, 2012:
No. of Average purchase Transaction Value,
shares price, DKK DKK
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June 20, 2012 75,000 73.81 5,535,750
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June 21, 2012 54,536 74.24 4,048,774
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June 22, 2012 82,089 73.85 6,062,338
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June 25, 2012 221,500 72.13 15,976,795
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June 26, 2012 225,000 69.01 15,528,353
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June 27, 2012 87,966 70.19 6,174,641
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June 28, 2012 209,458 69.42 14,541,287
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Accumulated under the 17,481,529 63.02 1,101,708,753
program
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Following the above transactions, GN owns a total of 17,553,623 own shares
corresponding to 9.1% 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