Transactions in connection with share buyback program

GN Store Nord A/S 

19.06.2012 17:50
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Copenhagen, 2012-06-19 17:50 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 June
11 - June 19, 2012: 

                            No. of       Average purchase     Transaction Value,
                            shares          price, DKK               DKK        
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June 11, 2012                154,884                   72.01          11,153,476
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June 12, 2012                270,883                   71.19          19,283,321
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June 13, 2012                182,041                   71.01          12,927,496
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June 14, 2012                 90,806                   70.92           6,439,962
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June 15, 2012                 83,000                   72.20           5,992,600
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June 18, 2012                200,000                   72.97          14,594,940
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June 19, 2012                105,000                   73.69           7,737,114
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 Accumulated under the    16,525,980           62.56             1,033,840,815  
        program                                                                 
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Following the above transactions, GN owns a total of 16,612,861 own shares
corresponding to 8.6% 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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