Transactions in connection with share buyback program

GN Store Nord A/S 

27.07.2012 17:41
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Copenhagen, 2012-07-27 17:41 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 July
19 - July 27, 2012: 



                            No. of       Average purchase     Transaction Value,
                            shares          price, DKK               DKK        
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July 19, 2012                 23,673                   74.99           1,775,151
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July 20, 2012                 32,834                   75.19           2,468,831
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July 23, 2012                122,186                   73.22           8,945,958
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July 24, 2012                 37,598                   73.39           2,759,129
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July 25, 2012                 32,685                   73.19           2,392,127
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July 26, 2012                150,000                   72.55          10,882,305
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July 27, 2012                 45,000                   72.86           3,278,678
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 Accumulated under the    18,845,117           63.78             1,201,887,442  
        program                                                                 
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Following the above transactions, GN owns a total of 18,915,431 own shares
corresponding to 9.8% 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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