Ossur Hf : Transactions in relation to share buyback program

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Announcement no. 23/2019

8 April 2019 

Transactions in relation to share buyback program

On 9 October 2018, Össur hf. initiated a share buy-back program, see Company announcement no. 59/2018.

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 June 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 25, the period 1 April 2019 - 5 April 2019:

Transactions
Date   No. of shares   Avg. purchase
price in DKK
  Transaction
value in DKK
1 April 2019   4,705   33.00   155,599
2 April 2019   13,930   33.40   465,287
3 April 2019   31,400   33.59   1,054,739
4 April 2019   32,750   33.60   1,100,511
5 April 2019   20,000   33.60   672,000
Total    102,785   33.55     3,448,136

 

Össur has acquired 1,913,228 shares under the program at the average price of DKK 32.57. Following the above transactions Össur's holding of own shares is 1,311,662 corresponding to 0.30% of the Company's total share capital. Össur's AGM, held on 7 March 2019 approved a motion to cancel 5,430,259 shares. The capital reduction was registered last Friday, 29 March 2019, see announcement 21/2019.

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

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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