Ossur Hf : Share buy-back of 1,400,000 own shares for approx. USD 4.7 million

Announcement from Össur hf. No. 09/2016
Reykjavík, 11 February 2016

Reference is made to Össur hf.'s announcement No. 46/2015 published on 28 October 2015. 

Today the Company purchased 1,400,000 own shares (approx. 0.3% of the Company's total share capital) on NASDAQ Iceland at the price of ISK 420 per share. The total purchase amount was ISK 588,000,000 million (approx. DKK 31 million or approx. USD 4.7 million).    

The purpose of the share buy-back is to adjust the capital structure by distributing capital to shareholders in line with the Company's Capital Structure and Dividend Policy. The shares acquired today will be included in the Board of Directors' proposal to decrease the share capital that will be submitted to the Annual General Meeting. The proposal will be to decrease the Company's share capital by cancelling 3,292,688 of the Company's own shares (approx. 0.7% of the Company's total share capital).

Contact persons:

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

Sveinn Sölvason, CFO                                                  Tel: +354 515 1300

About Össur

Össur (NASDAQ: OSSR) is a global leader in non-invasive orthopaedics that helps 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, prosthetic limbs and compression therapy. 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 Statements

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.

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