Transactions in relation to share buyback program
Copenhagen, 2016-02-23 15:26 CET (GLOBE NEWSWIRE) -- Acting under its share buyback authorization, the GN Store Nord board of directors initiated a share buyback program on October 30, 2015 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. 59 of October 30, 2015).
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 October 30, 2015 and ending no later than March 9, 2016, 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 16, 2016 – February 22, 2016:
| No. of shares | Average purchase price, DKK | Transaction Value, DKK | |
| February 16, 2016 | 48,000 | 129.54 | 6,217,728 |
| February 17, 2016 | 48,000 | 131.10 | 6,292,733 |
| February 18, 2016 | 48,000 | 130.20 | 6,249,806 |
| February 19, 2016 | 50,000 | 129.83 | 6,491,565 |
| February 22, 2016 | 48,000 | 131.44 | 6,309,336 |
| Accumulated under the program | 3,393,850 | 124.83 | 423,670,446 |
Following the above transactions GN owns a total of 11,745,340 own shares corresponding to 7.2% 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
Vedhæftede filer:
Announcement 14 - Transactions under share buyback program.pdf