GN Store Nord A/S

  • WKN: 854734
  • ISIN: DK0010272632
  • Land: Dänemark

Nachricht vom 28.05.2019 | 11:40

GN Store Nord A/S: Transactions in relation to share buyback program

DGAP-News: GN Store Nord A/S / Key word(s): Transaction in Own Shares

28.05.2019 / 11:40
The issuer is solely responsible for the content of this announcement.


Acting under its share buyback authorization, the GN Store Nord Board of Directors initiated a share buyback program on May 1, 2019, in accordance with article 5 of Regulation (EU) no. 596/2014 of April 16, 2014 on market abuse and Delegated Regulation (EU) no. 2016/1052 of March 8, 2016, jointly referred to as the Safe Harbor rules (company announcement no. 23 of May 1, 2019).

The share buyback program was initiated in order to reduce the company's share capital and to cover obligations under the long-term incentive program. Under the share buyback program, which runs from May 1, 2019 and will end no later than March 10, 2020, GN intends to buy back shares for an amount of up to DKK 1,000 million.

On a weekly basis, GN announces the number and value of shares repurchased under the program in company announcements to Nasdaq Copenhagen.

The following transactions have been made under the program in the period from May 21, 2019 to May 27, 2019:

  No. of shares Average purchase price, DKK Transaction Value, DKK
May 21, 2019 24,385 332.15 8,099,439
May 22, 2019 18,680 334.28 6,244,380
May 23, 2019 39,187 330.55 12,953,188
May 24, 2019 15,000 329.93 4,949,021
May 27, 2019 11,065 323.04 3,574,434
Accumulated under the program 345,283 323.27 111,618,534
 

In the period from May 21, 2019 to May 27, 2019 the exercise of warrants under GN's incentive programs have resulted in a transfer of 28,955 GN shares to key employees.

Following the above transactions, GN holds as treasury shares a total of 10,934,631 shares of nominally DKK 4, corresponding to a total nominal value of DKK 43,622,704 and 7.7% of the total share capital and the total voting rights in the company. Details of each transaction are included as an appendix.

For further information, please contact:

Investors and analysts
Peter Justesen
VP - Investor Relations & Treasury
Tel: +45 45 75 87 16

Or

Rune Sandager
Senior Manager Investor Relations
Tel: +45 45 75 92 57

Press and the media
Lars Otto Andersen-Lange
Head of Media Relations & Corporate Public Affairs
Tel: +45 45 75 02 55


About GN Group
The GN Group is a global leader in intelligent audio solutions that let you hear more, do more and be more than you ever thought possible. Our ambitious 150-year journey has taken us from telegraph cables to radio waves and intelligent audio engineering. To celebrate our anniversary, we look to our unique competences within medical, professional and consumer audio solutions to help us continue to transform lives through the power of sound.

GN was founded with a truly innovative and global mindset. Today, we honor that legacy with world-leading expertise in the human ear, sound, wireless technology, miniaturization and collaborations with leading technology partners. GN's solutions are marketed by the brands ReSound, Beltone, Interton, Jabra and BlueParrott in 100 countries. Founded in 1869, the GN Group employs 6,000 people and is listed on Nasdaq Copenhagen (GN.CO).

Visit our homepage GN.com - and connect with us on LinkedIn, Facebook and Twitter.



28.05.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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