Transactions in connection with share buyback program

GN Store Nord A/S 

29.05.2012 18:06
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Copenhagen, 2012-05-29 18:06 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
16 - May 29, 2012: 



                            No. of       Average purchase     Transaction Value,
                            shares          price, DKK               DKK        
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May 16, 2012                 225,000                   66.05          14,860,125
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May 21, 2012                 103,750                   67.65           7,019,103
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May 22, 2012                 267,506                   68.18          18,239,014
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May 23, 2012                 275,434                   67.27          18,527,261
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May 24, 2012                 101,021                   67.36           6,804,542
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May 25, 2012                 220,758                   68.16          15,047,660
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May 29, 2012                  89,856                   69.54           6,248,694
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 Accumulated under the    14,143,151           61.22             865,841,441    
        program                                                                 
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Transactions related to GN's incentive programs have resulted in a net sale by
GN of 44,000 shares in the period from May 16, 2012 to May 29, 2012. The shares
in these transactions were not part of the Safe Harbor repurchase program. 

Following the above transactions, GN owns a total of 14,230,032 own shares
corresponding to 7.3% 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:


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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