Pursuant to the authorization granted by the Annual General Meeting of GN Store Nord on March 17, 2021, the Board of Directors initiated a share buyback program on May 6, 2021 (see company announcement no. 14). The share buyback program is implemented 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 (the Safe Harbor Rules).
The share buyback program was initiated in order to reduce the share capital and to cover obligations under the company’s long-term incentive program. The share buyback program runs from May 6, 2021 and will be concluded no later than March 8, 2022. The total share buyback in the period will represent an amount of up to DKK 2,400 million.
On a weekly basis, GN Store Nord will announce the number and value of shares repurchased under the program in a company announcement through Nasdaq Copenhagen.
The following transactions have been made under the program in the period from July 6, 2021 through July 12, 2021:
No. of sharesAverage purchase price, DKKTransaction Value, DKKJuly 6, 202115,000570.098,551,340July 7, 202112,200583.257,115,612July 8, 202115,000585.098,776,397July 9, 202115,000569.448,541,557July 12, 202115,000566.378,495,598Accumulated under the program718,360527.37378,842,110
Following the above transactions, GN Store Nord holds as treasury shares a total of 9,180,188 shares of nominally DKK 4, corresponding to a total nominal value of DKK 36,720,752 and 6.6% 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
Vice President – Investor Relations & Treasury
Tel: +45 45 75 03 33
Director – Investor Relations & Treasury
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