Copenhagen, 2013-07-30 20:02 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 (Annual Report 2012, February 21, 2013).
The share buyback program was initiated in order to reduce the company’s share capital.
Under the share buyback program initiated on February 21, 2013, and concluded today, GN has bought back shares in the company for an amount of DKK 300 million.
The following transaction has been made under the program on July 30, 2013:
| No. of shares | Average purchase price, DKK | Transaction Value, DKK | |
| July 30, 2013 | 16,789 | 116.91 | 1,962,785 |
| Accumulated under the program | 2,799,224 | 107.17 | 299,999,942 |
Following the above transaction GN owns a total of 6,943,079 own shares corresponding to 4.0% of the company’s total share capital. Under the share buyback program, GN has repurchased a total of 2,799,224 shares, which equals a total transaction value of DKK 300 million.
For further information, please contact:
Michael Bjergby
Director – IR, Communications, CSR & Treasury
GN Store Nord A/S
Tel: +45 45 75 02 92
