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GN Store Nord A/S initiates share buyback program

Friday, 14 Feb 2014 02:01am EST 

GN Store Nord A/S:Says that acting under the current share buyback authorization, a Safe Harbor program of 500 million Danish crowns will be initiated on Feb. 14 and end no later than Sept. 30.Says the current authorization allows GN to acquire up to 10 percent of its shares.Says the purpose of the program is to reduce the company‚Äôs share capital.Says that at the initiation of the share buyback program, GN holds 9,308,284 own shares corresponding to 5.4 percent of the total share capital.Says the trading volume of own shares is limited to a total value of 500 million Danish crowns.Says the maximum number of shares that can be bought back in one single trading day is 152,726 corresponding to 25 percent of the average daily trading volume of the shares in Jan. 

Company Quote

0.9 +0.70%
10:59am EDT