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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

07/20/2021 | 04:12am 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 July 13, 2021 through July 19, 2021:

  No. of shares Average purchase price, DKK Transaction Value, DKK
July 13, 2021 15,000 568.41 8,526,180
July 14, 2021 15,000 570.21 8,553,102
July 15, 2021 15,000 571.84 8,577,654
July 16, 2021 15,000 563.78 8,456,652
July 19, 2021 15,000 557.63 8,364,486
Accumulated under the program 793,360 531.06 421,320,184

Following the above transactions, GN Store Nord holds as treasury shares a total of 9,255,188 shares of nominally DKK 4, corresponding to a total nominal value of DKK 37,020,752 and 6.7% 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

  • PUBLIC_SBB_GN STORE NORD
  • Announcement 32 - Transactions under share buyback program

© OMX, source GlobeNewswire - EU Press Releases

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Financials
Sales 2021 16 551 M 2 613 M 2 613 M
Net income 2021 2 130 M 336 M 336 M
Net Debt 2021 4 574 M 722 M 722 M
P/E ratio 2021 29,2x
Yield 2021 0,47%
Capitalization 62 025 M 9 772 M 9 791 M
EV / Sales 2021 4,02x
EV / Sales 2022 3,62x
Nbr of Employees 6 936
Free-Float 91,0%
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Number of Analysts 16
Last Close Price 484,60 DKK
Average target price 575,63 DKK
Spread / Average Target 18,8%
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Managers and Directors
RenÚ 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 D÷lek Manager-Risk & Compliance
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