DGAP-News: GN Store Nord A/S: Transactions in relation to share buyback program
12.02.2019 (www.4investors.de) -
DGAP-News: GN Store Nord A/S / Key word(s): Share Buyback
GN Store Nord A/S: Transactions in relation to share buyback program
12.02.2019 / 09:22
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 2, 2018, in accordance with article 5 of the regulation (EU) no. 596/2014 of 16 April 2014 on market abuse and the delegated regulation (EU) no. 2016/1052 of 8 March 2016, also referred to as the Safe Harbor rules (company announcement no. 15 of May 2, 2018).
The share buyback program has been 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 2, 2018 and will end no later than March 14, 2019, GN intends to buy back shares for an amount of up to DKK 1,000 million.
The following transactions have been made under the program in the period February 5, 2019 - February 11, 2019:
No. of shares
Average purchase price, DKK
Transaction Value, DKK
February 5, 2019
February 6, 2019
February 7, 2019
February 8, 2019
February 11, 2019
Accumulated under the program
Following the above transactions GN holds a total of 13,880,880 own shares corresponding to a nominal value of DKK 55,523,520 and 9.5% of the total share capital and the total voting rights in the company. On a weekly basis, GN will announce the number and value of repurchased shares in company announcements to Nasdaq Copenhagen.
For further information, please contact:Investors and analysts
VP - Investor Relations & Treasury
Tel: +45 45 75 87 16
Senior Manager Investor Relations
Tel: +45 45 75 92 57Press and the media
Lars Otto Andersen-Lange
Head of Media Relations & Corporate Public Affairs
Tel: +45 45 75 02 55About 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.
12.02.2019 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
GN Store Nord A/S
+45 457 50000
Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich, Stuttgart, Tradegate Exchange
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