GN Store Nord A/S

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

Nachricht vom 11.12.2018 | 12:37

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

DGAP-News: GN Store Nord A/S / Key word(s): Share Buyback

11.12.2018 / 12:37
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 December 4, 2018 - December 10, 2018:

  No. of shares Average purchase price, DKK Transaction Value, DKK
December 4, 2018 13,462 239.96 3,230,368
December 5, 2018 5,980 242.65 1,451,038
December 6, 2018 4,472 241.91 1,081,841
December 7, 2018 9,790 244.58 2,394,390
December 10, 2018 9,270 246.71 2,286,995
Accumulated under the program 2,246,436 277.79 624,027,240
 

In the period from December 4, 2018 to December 10, 2018 the exercise of warrants under GN's incentive programs have resulted in a transfer of 4,813 GN shares to key employees.

Following the above transactions GN holds a total of 12,983,477 own shares corresponding to a nominal value of DKK 51,933,908 and 8.9% of the total share capital and the total voting rights in the company. Every Tuesday, GN will announce the number and value of repurchased shares in company announcements to Nasdaq Copenhagen.

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. With our unique competencies within medical, professional and consumer audio solutions, we transform lives through the power of sound: Hearing aids that enhance the lives of people with hearing loss; integrated headset and communications solutions that assist professionals in all types of businesses to be more productive; wireless headsets and earbuds designed to support calls, music and media consumption.

With world leading expertise in the human ear, sound, wireless technology and miniaturization, GN's innovative and intelligent audio solutions are marketed by the brands ReSound, Beltone, Interton, Jabra and Blueparrott in 100 countries across the world. Founded in 1869, the GN Group today has more than 5,500 employees and is listed on Nasdaq Copenhagen (GN.CO).

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



11.12.2018 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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