Acting under its share buyback authorization, the GN Store Nord board of
directors initiated a share buyback program on March 11, 2016 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. 19 of March 11, 2016).
GN Store Nord's share-buy-back program is applied without change, but shall going forward be subject to the European Parliament and of the Council's regulation (EU) no 596/2014 of April 16, 2014, on market abuse and its ancillary acts.
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 March 11, 2016 and ending no later than March 13, 2017, GN intends to buy back shares for an amount of up to DKK 1,500 million.
The following transactions have been made under the program in the period October 18, 2016 -October 24, 2016:
No. of Average purchase Transaction Value, shares price, DKK DKK -------------------------------------------------------------------------------- October 18, 2016 47,541 143.77 6,834,951 -------------------------------------------------------------------------------- October 19, 2016 35,000 144.41 5,054,452 -------------------------------------------------------------------------------- October 20, 2016 74,332 143.70 10,681,598 -------------------------------------------------------------------------------- October 21, 2016 45,913 144.27 6,623,644 -------------------------------------------------------------------------------- October 24, 2016 78,487 144.34 11,328,523 -------------------------------------------------------------------------------- Accumulated under the 4,125,958 133.86 552,287,343 program --------------------------------------------------------------------------------
Following the above transactions GN owns a total of 8,803,692 own shares corresponding to 5.7% of the company's total share capital. Every Tuesday, GN will announce the number and value of repurchased shares in company announcements to Nasdaq Copenhagen.
For further information please contact:
Peter Justesen VP - Investor Relations & Treasury GN Store Nord A/S Tel: +45 45 75 87 16
Attachment:
https://cns.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=591147
GN Store Nord's share-buy-back program is applied without change, but shall going forward be subject to the European Parliament and of the Council's regulation (EU) no 596/2014 of April 16, 2014, on market abuse and its ancillary acts.
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 March 11, 2016 and ending no later than March 13, 2017, GN intends to buy back shares for an amount of up to DKK 1,500 million.
The following transactions have been made under the program in the period October 18, 2016 -October 24, 2016:
No. of Average purchase Transaction Value, shares price, DKK DKK -------------------------------------------------------------------------------- October 18, 2016 47,541 143.77 6,834,951 -------------------------------------------------------------------------------- October 19, 2016 35,000 144.41 5,054,452 -------------------------------------------------------------------------------- October 20, 2016 74,332 143.70 10,681,598 -------------------------------------------------------------------------------- October 21, 2016 45,913 144.27 6,623,644 -------------------------------------------------------------------------------- October 24, 2016 78,487 144.34 11,328,523 -------------------------------------------------------------------------------- Accumulated under the 4,125,958 133.86 552,287,343 program --------------------------------------------------------------------------------
Following the above transactions GN owns a total of 8,803,692 own shares corresponding to 5.7% of the company's total share capital. Every Tuesday, GN will announce the number and value of repurchased shares in company announcements to Nasdaq Copenhagen.
For further information please contact:
Peter Justesen VP - Investor Relations & Treasury GN Store Nord A/S Tel: +45 45 75 87 16
Attachment:
https://cns.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=591147