Copenhagen, 2014-01-23 17:33 CET (GLOBE NEWSWIRE) -- Acting under its share buyback authorization, the GN Store Nord board of directors initiated a share buyback program on August 14, 2013 in accordance with the provisions of the European Commission’s regulation no. 2273/2003 of December 22, 2003, also referred to as the Safe Harbor rules (company announcement no. 40 of August 14, 2013). The share buyback program has been initiated in order to reduce the company’s share capital. Under the share buyback program, which is running from August 14, 2013 and ending no later than March 21, 2014, GN intends to buy back shares for an amount of up to DKK 300 million. The following transactions have been made under the program in the period January 15, 2014 - January 23, 2014: No. of Average purchase Transaction Value, shares price, DKK DKK -------------------------------------------------------------------------------- January 15, 2014 27,440 130.91 3,592,190 -------------------------------------------------------------------------------- January 16, 2014 27,500 131.42 3,613,957 -------------------------------------------------------------------------------- January 17, 2014 36,802 130.66 4,808,520 -------------------------------------------------------------------------------- January 20, 2014 10,086 131.13 1,322,550 -------------------------------------------------------------------------------- January 21, 2014 24,430 132.74 3,242,892 -------------------------------------------------------------------------------- January 22, 2014 65,157 132.93 8,661,255 -------------------------------------------------------------------------------- January 23, 2014 43,829 132.11 5,790,056 -------------------------------------------------------------------------------- Accumulated under the 2,106,514 136.97 288,527,013 program -------------------------------------------------------------------------------- Following the above transactions GN owns a total of 9,218,765 own shares corresponding to 5.3% of the company’s total share capital. Every seventh trading day, GN will announce the number and value of repurchased shares in company announcements to NASDAQ OMX Copenhagen. For further information please contact: Michael Bjergby Senior Director – IR, Communications, CSR & Treasury GN Store Nord A/S Tel: +45 45 75 02 92