GN Store Nord A/S : Transactions in relation to share buyback program

GN Store Nord A/S
Changes in company's own shares Transactions in relation to share buyback program

Copenhagen, 2014-01-23 17:33 CET (GLOBE NEWSWIRE) -- Acting under its share buyback authorization, the GN Store Nord board of directors initiated a share buyback program on August 14, 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 (company announcement no. 40 of August 14, 2013).

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 August 14, 2013 and ending no later than March 21, 2014, GN intends to buy back shares for an amount of up to DKK 300 million.

The following transactions have been made under the program in the period January 15, 2014 - January 23, 2014:

	No. of shares	Average purchase price, DKK	Transaction Value, DKK
January 15, 2014	27,440	130.91	3,592,190
January 16, 2014	27,500	131.42	3,613,957
January 17, 2014	36,802	130.66	4,808,520
January 20, 2014	10,086	131.13	1,322,550
January 21, 2014	24,430	132.74	3,242,892
January 22, 2014	65,157	132.93	8,661,255
January 23, 2014	43,829	132.11	5,790,056
Accumulated under the program	2,106,514	136.97	288,527,013

Following the above transactions GN owns a total of 9,218,765 own shares corresponding to 5.3% of the company's total share capital. Every seventh trading day, GN will announce the number and value of repurchased shares in company announcements to NASDAQ OMX Copenhagen.

For further information please contact:

Michael Bjergby
Senior Director - IR, Communications, CSR & Treasury
GN Store Nord A/S
Tel: [phone]