Acting on its authorization to acquire up to 15% of the company's shares the GN
Store Nord Board of Directors initiated a share buyback program on May 19, 2010
in accordance with the provisions of the European Commission's regulation no
2273/2003 of 22 December 2003, also referred to as the Safe Harbour rules
(Company announcement no. 21 of May 19, 2010).
The share buyback program has been initiated in order to cover GN's long term
incentive program. Under the share buyback program which is running from May
19, 2010 and ending no later than June 30, 2010, GN intends to buy back shares
in the company for an amount of up to DKK 100 million.
The following transactions have been made under the program in the period May
19 - May 27, 2010:
No. of shares Average purchase Transaction
price, DKK value, DKK
May 19, 2010 225,785 42.47 9,588,637
May 20, 2010 415,000 42.41 17,599,652
May 21, 2010 258,259 41.14 10,623,536
May 25, 2010 117,454 41.78 4,907,510
May 26, 2010 117,762 43.84 5,162,686
May 27, 2010 305,419 46.51 14,204,793
Accumulated
under the
program 1,439,679 62,086,814
Following the above buyback GN owns a total of 5,835,224 own shares at a
nominal value of DKK 4, equal to 2.8% of the company's total share capital. GN
will announce the num-ber and value of repurchased shares on a weekly basis in
a company announcement to NASDAQ OMX Copenhagen.
For further information, please contact:
Mikkel Danvold
Director, IR & Communications
GN Store Nord A/S
Tel: +45 45 75 02 71
