Ossur Hf : Share options granted

Announcement from Össur hf. No.24/2016

Reykjavik, 22 February 2016 

Today, Össur hf. has granted 550,000 share options; 150,000 to middle management, 200,000 to Mr. Jos Van Poorten, the Managing Director of EMEA, and 200,000 to Mrs. Margret Lara Fridriksdottir, EVP Human Resources & Corporate Strategy.

The exercise price is DKK 22.39, i.e. the Company's average share price on NASDAQ Copenhagen 20 trading days prior to the grant date. First exercise date is 22 February 2019. 

Mr. Jos van Poorten holds 1,419 shares in Össur and 200,000 share options. Previously 250,000 share options had been granted to Mrs. Margret Lara Fridriksdottir and she holds 14,100 shares in Össur.  

The share options were granted in accordance with the Company's share option program implemented on 27 May 2015. Further details on the share option scheme, including the key terms and conditions, can be found in the Company's announcement No. 24/2015 published on 27 May 2015.

Össur press releases by e-mail

 If you wish to receive Össur press releases by e-mail please register at the following web-site: http://www.ossur.com/investormailings.

About Össur

Össur (NASDAQ: 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 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 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.

HUG#1988281