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    GN   DK0010272632

GN STORE NORD A/S

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

05/11/2021 | 09:43am EDT

Pursuant to the authorization granted by the Annual General Meeting of GN Store Nord on March 17, 2021, the Board of Directors initiated a share buyback program on May 6, 2021 (see company announcement no. 14). The share buyback program is implemented in accordance with article 5 of Regulation (EU) no. 596/2014 of April 16, 2014 on market abuse and Delegated Regulation (EU) no. 2016/1052 of March 8, 2016 (the Safe Harbor Rules).

The share buyback program was initiated in order to reduce the share capital and to cover obligations under the company’s long-term incentive program. The share buyback program runs from May 6, 2021 and will be concluded no later than March 8, 2022. The total share buyback in the period will represent an amount of up to DKK 2,400 million.

On a weekly basis, GN Store Nord will announce the number and value of shares repurchased under the program in a company announcement through Nasdaq Copenhagen.

The following transactions have been made under the program in the period from May 6, 2021 through May 10, 2021:

 No. of sharesAverage purchase price, DKKTransaction Value, DKK
May 6, 202120,000532.2810,645,658
May 7, 202115,000518.357,775,309
May 10, 202115,000507.857,617,782
Accumulated under the program50,000520.7726,038,748

Following the above transactions, GN Store Nord holds as treasury shares a total of 8,349,342 shares of nominally DKK 4, corresponding to a total nominal value of DKK 33,397,368 and 6.0% of the total share capital and the total voting rights in the company. Details of each transaction are included as an appendix.

For further information, please contact:

Investors and analysts
Henriette Wennicke
Vice President – Investor Relations & Treasury
Tel: +45 45 75 03 33

or

Rune Sandager
Director – Investor Relations & Treasury 
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 enables people to Hear More, Do More and Be More through its intelligent hearing, audio and video collaboration solutions. Inspired by people and driven by our innovation leadership, we leverage technological synergies to deliver unique and increasingly individualized user experiences in our products and solutions.

150 years ago, GN was founded with a truly innovative and global mindset. Today, we honor that legacy with world-leading expertise in the human ear, sound and video processing, wireless technology, miniaturization and collaborations with leading technology partners. GN's solutions are marketed by the brands ReSound, Beltone, Interton, Jabra, BlueParrott and FalCom in 100 countries. Founded in 1869, the GN Group employs 6,500 people and is listed on Nasdaq Copenhagen (GN.CO).

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

Attachments

  • Announcement 15 - Transactions under share buyback program
  • PUBLIC_SBB_GN STORE NORD

© OMX, source GlobeNewswire - EU Press Releases

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Financials
Sales 2021 16 823 M 2 683 M 2 683 M
Net income 2021 2 194 M 350 M 350 M
Net Debt 2021 4 876 M 778 M 778 M
P/E ratio 2021 32,2x
Yield 2021 0,42%
Capitalization 71 047 M 11 327 M 11 330 M
EV / Sales 2021 4,51x
EV / Sales 2022 4,05x
Nbr of Employees 6 736
Free-Float 90,9%
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Number of Analysts 18
Last Close Price 551,40 DKK
Average target price 581,44 DKK
Spread / Average Target 5,45%
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Managers and Directors
René Svendsen-Tune Co-President & Co-Chief Executive Officer
Jakob Gudbrand Co-President & Co-Chief Executive Officer
Peter La Cour Gormsen Chief Financial Officer
Per Wold-Olsen Chairman
Anders Quist Dölek Manager-Risk & Compliance
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