Transactions in relation to share buyback program
June 19 2018 - 5:26AM
Transactions in relation to share buyback program
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 June 12, 2018 – June 18, 2018:
|
No. of shares |
Average purchase price, DKK |
Transaction Value, DKK |
June 12, 2018 |
20,000 |
249.47 |
4,989,476 |
June 13, 2018 |
20,000 |
252.58 |
5,051,688 |
June 14, 2018 |
4,180 |
267.59 |
1,118,526 |
June 15, 2018 |
20,000 |
282.56 |
5,651,222 |
June 18, 2018 |
30,000 |
285.06 |
8,551,947 |
Accumulated under the program |
724,165 |
246.90 |
178,798,558 |
Following the above transactions GN holds a total of 11,475,648
own shares corresponding to a nominal value of DKK 45,902,592 and
7.9% 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
analystsPeter JustesenVP – Investor Relations &
TreasuryTel: +45 45 75 87 16
Or
Rune SandagerSenior Investor Relations ManagerTel: +45 45 75 92
57 Press and the media Lars Otto Andersen-Lange
Group Media Manager 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.
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- Announcement 25 - Transactions under share buyback program