Copenhagen, 2013-05-17 17:51 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 May 7, 2013 - May 17, 2013:
No. of Average purchase Transaction Value, shares price, DKK DKK -------------------------------------------------------------------------------- May 7, 2013 15,243 109.80 1,673,750 -------------------------------------------------------------------------------- May 8, 2013 12,000 109.89 1,318,650 -------------------------------------------------------------------------------- May 13, 2013 7,500 114.86 861,443 -------------------------------------------------------------------------------- May 14, 2013 19,114 115.26 2,202,996 -------------------------------------------------------------------------------- May 15, 2013 30,000 116.12 3,483,501 -------------------------------------------------------------------------------- May 16, 2013 32,500 116.28 3,779,100 -------------------------------------------------------------------------------- May 17, 2013 56,000 114.37 6,404,462 -------------------------------------------------------------------------------- Accumulated under the 1,501,100 106.03 159,163,154 program --------------------------------------------------------------------------------
Following the above transactions GN owns a total of 5,673,236 own shares corresponding to 3.3% 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=433166
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 May 7, 2013 - May 17, 2013:
No. of Average purchase Transaction Value, shares price, DKK DKK -------------------------------------------------------------------------------- May 7, 2013 15,243 109.80 1,673,750 -------------------------------------------------------------------------------- May 8, 2013 12,000 109.89 1,318,650 -------------------------------------------------------------------------------- May 13, 2013 7,500 114.86 861,443 -------------------------------------------------------------------------------- May 14, 2013 19,114 115.26 2,202,996 -------------------------------------------------------------------------------- May 15, 2013 30,000 116.12 3,483,501 -------------------------------------------------------------------------------- May 16, 2013 32,500 116.28 3,779,100 -------------------------------------------------------------------------------- May 17, 2013 56,000 114.37 6,404,462 -------------------------------------------------------------------------------- Accumulated under the 1,501,100 106.03 159,163,154 program --------------------------------------------------------------------------------
Following the above transactions GN owns a total of 5,673,236 own shares corresponding to 3.3% 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=433166
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