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Ossur Hf : Transactions in relation to share buyback program

24-07-2017


Announcement from Össur hf. No. 51/2017


Reykjavík, 24 July 2017

On 1 December 2016, Össur hf. initiated a new share buy-back program, see Company announcement no. 96/2016.

The purpose of the share buyback program is to reduce the Company's share capital and adjust the capital structure by distributing capital to shareholders in line with the Company's Capital Structure and Dividend Policy. The program will end no later than 30 November 2017. The Company may purchase up to 5,000,000 shares under the program, corresponding to 1.2% of the current share capital. The total consideration for shares purchased under the program shall not exceed USD 10 million (approx. DKK 70 million).

The following transactions have been made under the program in week 34, the period 17 July 2017 - 21 July 2017:

Date No. of shares Avg. purchase price DKK Transaction Value DKK
17 July 2017 35,000 31.50 1,102,364
18 July 2017 17,935 31.49 564,818
19 July 2017 34,000 31.36 1,066,339
20 July 2017 35,000 31.40 1,099,084
21 July 2017 21,489 30.87 663,462
Total
  		143,424 31.35 4,496,066
             

Össur has acquired 1,920,703 shares under the program at the average price of DKK 29.17 Following the above transactions Össur's holding of own shares is 8,022,178 corresponding to 1.84% of the Company's total share capital.

The share buyback program on Nasdaq Copenhagen is carried out in accordance with Regulation No. 596/2014 of the European Parliament and of the Council on market abuse ("MAR"), and the Commission delegated regulation No. 2016/1052.

                                                                                                                                     

Contact persons:

Jón Sigurðsson, President & CEO                                                    Tel: +354 515 1300


Sveinn Sölvason, CFO                                                                  Tel: +354 515 1300

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http://www.ossur.com/investormailings



About Össur


Össur (NASDAQ: OSSR) is a global leader in non-invasive orthopedics that help people live a life without limitations. Its business is focused on improving people's mobility through the delivery of innovative technologies within the fields of braces, supports and prosthetic limbs. A recognized "Technology Pioneer", Össur invests significantly in research and product development; its award-winning designs ensuring a consistently strong position in the
market. 
Successful patient and clinical outcomes are further empowered via Össur's educational programs and business solutions.  Headquartered in Iceland, Össur has major operations in the Americas, Europe and Asia, with additional distributors worldwide.
www.ossur.com

 



Forward-Looking Statement


This press release includes "forward-looking statements" which involve risks and uncertainties that could cause actual results to differ materially from results expressed or implied by these statements. Össur hf. undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Ossur Hf via GlobeNewswire

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