Transactions in connection with share buyback program

GN Store Nord A/S 

15.05.2012 18:58
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Copenhagen, 2012-05-15 18:58 CEST (GLOBE NEWSWIRE) -- Acting under its share
buyback authorization, the GN Store Nord Board of Directors initiated a share
buyback program on January 13, 2012 in accordance with the provisions of the
European Commission's regulation no 2273/2003 of 22 December 2003, also
referred to as the Safe Harbor rules (Company announcement no. 3 of January 13,
2012). 

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 January
13, 2012 and ending no later than December 31, 2012, GN intends to buy back
shares in the company for an amount of up to DKK 1.3 billion. At the Annual
General Meeting on March 22, 2012, the GN Store Nord Board of Directors was
granted authorization to acquire up to 20% of the share capital. 

The following transactions have been made under the program in the period May 7
- May 15, 2012: 



                            No. of       Average purchase     Transaction Value,
                            shares          price, DKK               DKK        
--------------------------------------------------------------------------------
May 7, 2012                   93,527                   65.23           6,100,719
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May 8, 2012                  206,244                   64.09          13,218,611
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May 9, 2012                  241,300                   63.05          15,213,482
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May 10, 2012                  75,951                   63.65           4,834,053
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May 11, 2012                  75,000                   64.83           4,862,400
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May 14, 2012                 244,458                   65.11          15,916,660
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May 15, 2012                 172,746                   65.89          11,381,923
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 Accumulated under the    12,859,826           60.58             779,095,043    
        program                                                                 
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Transactions related to GN's incentive programs have resulted in a net sale by
GN of 54,273 shares in the period from May 7, 2012 to May 15, 2012. The shares
in these transactions were not part of the Safe Harbor repurchase program. 

Following the above transactions, GN owns a total of 12,990,707 own shares
corresponding to 6.7% 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:


Mikkel Danvold

VP, IR & Communications



GN Store Nord A/S

Tel: +45 45 75 02 71
News Source: NASDAQ OMX



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Language:     English
Company:      GN Store Nord A/S
              
               
              Denmark
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         DK0010272632
WKN:          
 
End of Announcement                             DGAP News-Service
 
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