GN Store Nord reports on share buyback programme.
NORDIC BUSINESS REPORT-February 20, 2019-GN Store Nord reports on share buyback programme
(C)2019 M2 COMMUNICATIONS http://www.m2.com
Provider of intelligent audio solutions GN Store Nord A/S (CPH: GN) reported on Tuesday that under its share buyback programme it has accumulated a total of 3,247,151 shares, at an average purchase price of DKK277.59 for a total value of DKK901,383,146.
The company said its board of directors, acting under its share buyback authorisation, had initiated a share buyback programme on 2 May 2018 in order to reduce the company's share capital and to cover obligations under the long-term incentive programme.
Under this share buyback programme, which is running from 2 May 2018 and ending no later than 14 March 2019, GN Store Nord intends to buy back shares for an amount of up to DKK1,000m.
Following these transactions, GN...
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