Copenhagen, 2016-01-19 13:40 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 January 12, 2016 - January 18, 2016:

No. of sharesAverage purchase price, DKKTransaction Value, DKK
January 12, 2016 48,000 128.34 6,160,272
January 13, 2016 48,500 129.04 6,258,600
January 14, 2016 50,000 125.66 6,283,105
January 15, 2016 52,000 122.88 6,389,573
January 18, 2016 53,000 119.55 6,336,383
Accumulated under the program2,126,850126.07268,129,743

Following the above transactions GN owns a total of 10,478,340 own shares corresponding to 6.5% 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

GN Store Nord A/S issued this content on 19 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 January 2016 19:52:07 UTC

Original Document: http://www.gn.com/Investor/News/Announcement?disclosureId=693040&messageId=866013