Copenhagen, 2013-04-24 20:01 CEST (GLOBE NEWSWIRE) --
Acting under its share buyback authorization, the GN Store Nord Board of
Directors initiated a share buyback program on February 21, 2013 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 (announced in the
Annual Report 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 February 21, 2013 and ending no later than December 31, 2013, GN intends to buy back shares for an amount of up to DKK 300 million.
The following transactions have been made under the program in the period April 16, 2013 - April 24, 2013:
No. of Average purchase Transaction Value, shares price, DKK DKK -------------------------------------------------------------------------------- April 16, 2013 21,000 109.31 2,295,584 -------------------------------------------------------------------------------- April 17, 2013 16,354 107.72 1,761,617 -------------------------------------------------------------------------------- April 18, 2013 23,500 109.09 2,563,615 -------------------------------------------------------------------------------- April 19, 2013 40,650 107.02 4,350,550 -------------------------------------------------------------------------------- April 22, 2013 57,347 105.41 6,045,068 -------------------------------------------------------------------------------- April 23, 2013 41,500 102.98 4,273,682 -------------------------------------------------------------------------------- April 24, 2013 42,287 102.93 4,352,453 -------------------------------------------------------------------------------- Accumulated under the 1,155,566 104.97 121,301,180 program --------------------------------------------------------------------------------
Following the above transactions GN owns a total of 5,327,702 own shares corresponding to 3.1% 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:
Michael Bjergby
Director - IR, Communications, CSR & Treasury
GN Store Nord A/S
Tel: +45 45 75 02 92
Attachment:
https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=429395
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 February 21, 2013 and ending no later than December 31, 2013, GN intends to buy back shares for an amount of up to DKK 300 million.
The following transactions have been made under the program in the period April 16, 2013 - April 24, 2013:
No. of Average purchase Transaction Value, shares price, DKK DKK -------------------------------------------------------------------------------- April 16, 2013 21,000 109.31 2,295,584 -------------------------------------------------------------------------------- April 17, 2013 16,354 107.72 1,761,617 -------------------------------------------------------------------------------- April 18, 2013 23,500 109.09 2,563,615 -------------------------------------------------------------------------------- April 19, 2013 40,650 107.02 4,350,550 -------------------------------------------------------------------------------- April 22, 2013 57,347 105.41 6,045,068 -------------------------------------------------------------------------------- April 23, 2013 41,500 102.98 4,273,682 -------------------------------------------------------------------------------- April 24, 2013 42,287 102.93 4,352,453 -------------------------------------------------------------------------------- Accumulated under the 1,155,566 104.97 121,301,180 program --------------------------------------------------------------------------------
Following the above transactions GN owns a total of 5,327,702 own shares corresponding to 3.1% 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:
Michael Bjergby
Director - IR, Communications, CSR & Treasury
GN Store Nord A/S
Tel: +45 45 75 02 92
Attachment:
https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=429395
© 2013 GlobeNewswire
