GN Store Nord A/S
Changes in company's own shares
Transactions in connection with share buyback program
Copenhagen, 2012-07-18 18:07 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
10 – July 18, 2012:
No. of Average purchase Transaction Value,
shares price, DKK DKK
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July 10, 2012 54,229 73.76 4,000,002
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July 11, 2012 111,628 73.27 8,179,508
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July 12, 2012 68,330 72.62 4,961,783
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July 13, 2012 32,352 73.93 2,391,635
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July 16, 2012 35,331 74.21 2,622,062
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July 17, 2012 56,752 74.88 4,249,385
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July 18, 2012 84,400 74.84 6,316,310
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Accumulated under the 18,401,141 63.55 1,169,385,264
program
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Following the above transactions, GN owns a total of 18,471,455 own shares
corresponding to 9.5% 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:
Mikkel Danvold
VP, IR & Communications
GN Store Nord A/S
Tel: +45 45 75 02 71
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