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17.07.2018 - 10:49

DGAP-News: 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

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

17.07.2018 / 10:49

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 July 10, 2018 - July 16, 2018:

  No. of shares Average purchase price, DKK Transaction Value, DKK
July 10, 2018 15,000 296.06 4,440,830
July 11, 2018 33,420 288.90 9,655,058
July 12, 2018 15,000 290.13 4,351,881
July 13, 2018 17,500 290.00 5,074,925
July 16, 2018 15,000 291.94 4,379,096
Accumulated under the program 1,108,033 262.09 290,403,353


Following the above transactions GN holds a total of 11,859,516 own shares corresponding to a nominal value of DKK 47,438,064 and 8.1% 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


Rune Sandager

Senior Investor Relations Manager

Tel: +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.

17.07.2018 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

Language: English
Company: GN Store Nord A/S

Lautrupbjerg 7

2750 Ballerup

Phone: +45 457 50000
E-mail: investor@gn.com
Internet: www.gn.com
ISIN: DK0010272632
WKN: 854734
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Munich, Stuttgart, Tradegate Exchange

End of News DGAP News Service

705193  17.07.2018 


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