Release details

2019-05-27 18:00 CEST
  • Print
  • Share Share
en

Ossur Hf : Transactions in relation to share buyback program

Announcement no. 35/2019

27 May 2019 

Transactions in relation to share buyback program

On 14 May 2019, Össur hf. initiated a share buy-back program, see Company announcement no. 31/2019.

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 31 December 2019. 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.

The following transactions have been made under the program in week 02, the period 20 May 2019 - 24 May 2019:

Transactions
Date   No. of shares   Avg. purchase
price in DKK
  Transaction
value in DKK
20 May 2019   8,396   38.93   326,889
21 May 2019   47,377   38.64   1,830,804
22 May 2019   35,490   39.16   1,389,735
23 May 2019   10,000   39.71   397,140
24 May 2019   15,000   40.01   600,178
Total    116,263   39.09     4,544,746

 

Össur has acquired 247,522 shares under the program at the average price of DKK 39.38. Following the above transactions Össur's holding of own shares is 1,564,840 corresponding to 0.37% 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.

Further information

David Hreidarsson, Investor Relations, dohreidarsson@ossur.com, +354 515 1380

Össur press releases by e-mail

If you wish to receive Össur press releases by e-mail please register at http://www.ossur.com/investors

About Össur

Össur (NASDAQ OMX: OSSR) is a global leader in non-invasive orthopaedics 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 Prosthetics and Bracing & Supports.  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

HUG#2245273