Copenhagen, 2012-02-10 17:59 CET (GLOBE NEWSWIRE) --
Acting on its authorization to acquire up to 15% of the company's shares 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. The current authorization allows GN to acquire up to 15% of its shares. Contingent upon granted authorization at the Annual General Meeting in March 2012, the share buyback program will continue thereafter.
The following transactions have been made under the program in the period February 2 - February 10, 2012:
No. of Average purchase Transaction Value, shares price, DKK DKK -------------------------------------------------------------------------------- February 02, 2012 115,866 59.01 6,836,870 -------------------------------------------------------------------------------- February 03, 2012 216,771 58.96 12,780,970 -------------------------------------------------------------------------------- February 06, 2012 154,789 58.30 9,024,028 -------------------------------------------------------------------------------- February 07, 2012 155,092 58.39 9,055,124 -------------------------------------------------------------------------------- February 08, 2012 238,000 58.11 13,830,180 -------------------------------------------------------------------------------- February 09, 2012 120,000 57.90 6,947,736 -------------------------------------------------------------------------------- February 10, 2012 175,500 58.51 10,267,715 -------------------------------------------------------------------------------- Accumulated under the 3.341.919 58,12 194.246.360 program --------------------------------------------------------------------------------
Following the above transactions, GN owns a total of 18,727,420 own shares corresponding to 9.0% 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
Attachment:
https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=377900
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. The current authorization allows GN to acquire up to 15% of its shares. Contingent upon granted authorization at the Annual General Meeting in March 2012, the share buyback program will continue thereafter.
The following transactions have been made under the program in the period February 2 - February 10, 2012:
No. of Average purchase Transaction Value, shares price, DKK DKK -------------------------------------------------------------------------------- February 02, 2012 115,866 59.01 6,836,870 -------------------------------------------------------------------------------- February 03, 2012 216,771 58.96 12,780,970 -------------------------------------------------------------------------------- February 06, 2012 154,789 58.30 9,024,028 -------------------------------------------------------------------------------- February 07, 2012 155,092 58.39 9,055,124 -------------------------------------------------------------------------------- February 08, 2012 238,000 58.11 13,830,180 -------------------------------------------------------------------------------- February 09, 2012 120,000 57.90 6,947,736 -------------------------------------------------------------------------------- February 10, 2012 175,500 58.51 10,267,715 -------------------------------------------------------------------------------- Accumulated under the 3.341.919 58,12 194.246.360 program --------------------------------------------------------------------------------
Following the above transactions, GN owns a total of 18,727,420 own shares corresponding to 9.0% 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
Attachment:
https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=377900
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