Company announcements

Transactions in relation to share buyback program

Announcement May 09, 2017
Published: 2017-05-09 11:34:03 CEST
GN Store Nord A/S
Changes in company's own shares

Transactions in relation to share buyback program

Acting under its share buyback authorization, the GN Store Nord board of directors initiated a share buyback program on May 4, 2017 in accordance with article 5 of the regulation (EU) no. 596/2014 of 16 April 2014 on market abuse and the delegated regulation (EU) no. 2016/1052 of 8 March 2016, also referred to as the Safe Harbor rules (company announcement no. 20 of May 4, 2017).

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 May 4, 2017 and ending no later than March 12, 2018, GN intends to buy back shares for an amount of up to DKK 1,000 million.

The following transactions have been made under the program in the period May 4, 2017 – May 8, 2017:


  No. of shares Average purchase price, DKK Transaction Value, DKK
   May 4, 2017 22,000 180.55 3,972,181
   May 5, 2017 17,500 189.74 3,320,375
   May 8, 2017 36,500 190.21 6,942,519
Accumulated under the program 76,000 187.30 14,235,075


Following the above transactions GN owns a total of 6,032,373 own shares corresponding to 4.1% 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

Announcement 22 - Transactions under share buyback program.pdf