Copenhagen, 2015-02-27 19:25 CET (GLOBE NEWSWIRE) --
Acting under its share buyback authorization, the GN Store Nord board of
directors initiated a share buyback program on November 6, 2014 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 (company
announcement no. 43 of November 5, 2014).
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 November 6, 2014 and ending no later than March 19, 2015, GN intends to buy back shares for an amount of up to DKK 500 million.
The following transactions have been made under the program in the period February 19, 2015 - February 27, 2015:
No. of Average purchase Transaction Value, shares price, DKK DKK -------------------------------------------------------------------------------- February 19, 2015 46,630 148.23 6,911,988 -------------------------------------------------------------------------------- February 20, 2015 54,843 148.28 8,132,334 -------------------------------------------------------------------------------- February 23, 2015 50,000 149.36 7,468,230 -------------------------------------------------------------------------------- February 24, 2015 31,220 150.35 4,693,865 -------------------------------------------------------------------------------- February 25, 2015 38,760 154.14 5,974,641 -------------------------------------------------------------------------------- February 26, 2015 40,000 155.66 6,226,504 -------------------------------------------------------------------------------- February 27, 2015 65,000 154.87 10,066,472 -------------------------------------------------------------------------------- Accumulated under the 2,955,462 139.85 413,321,800 program --------------------------------------------------------------------------------
Following the above transactions GN owns a total of 10,220,937 own shares corresponding to 6.1% 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 VP - IR, Communications, CSR & Treasury GN Store Nord A/S Tel: +45 45 75 02 92
Attachment:
https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=505176
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 November 6, 2014 and ending no later than March 19, 2015, GN intends to buy back shares for an amount of up to DKK 500 million.
The following transactions have been made under the program in the period February 19, 2015 - February 27, 2015:
No. of Average purchase Transaction Value, shares price, DKK DKK -------------------------------------------------------------------------------- February 19, 2015 46,630 148.23 6,911,988 -------------------------------------------------------------------------------- February 20, 2015 54,843 148.28 8,132,334 -------------------------------------------------------------------------------- February 23, 2015 50,000 149.36 7,468,230 -------------------------------------------------------------------------------- February 24, 2015 31,220 150.35 4,693,865 -------------------------------------------------------------------------------- February 25, 2015 38,760 154.14 5,974,641 -------------------------------------------------------------------------------- February 26, 2015 40,000 155.66 6,226,504 -------------------------------------------------------------------------------- February 27, 2015 65,000 154.87 10,066,472 -------------------------------------------------------------------------------- Accumulated under the 2,955,462 139.85 413,321,800 program --------------------------------------------------------------------------------
Following the above transactions GN owns a total of 10,220,937 own shares corresponding to 6.1% 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 VP - IR, Communications, CSR & Treasury GN Store Nord A/S Tel: +45 45 75 02 92
Attachment:
https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=505176