Ossur Hf : Transactions in relation to share buyback program

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Announcement no. 52/2018
27 August 2018 

Transactions in relation to share buyback program

On 5 March 2018, Össur hf. initiated a share buy-back program, see Company announcement no. 16/2018.

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 28 February 2019. The Company may purchase up to 5,000,000 shares under the program, corresponding to 1.1% 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 20 August 2018 - 24 August 2018:

Transactions
Date   No. of shares   Avg. purchase
price in DKK
  Transaction
value in DKK
20 August 2018   3,646   28.95   105,560
21 August 2018   3,742   29.14   109,030
22 August 2018   6,867   29.32   201,338
23 August 2018   38,470   28.50   1,135,031
24 August 2018   7,779   29.05   225,956
Total    60,504   29.37   1,776,914

 

Össur has acquired 1,216,931 shares under the program at the average price of DKK 28.19. Following the above transactions Össur's holding of own shares is 5,335,662 corresponding to 1.24% 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

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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, EMEA and APAC, with additional distributors worldwide. www.ossur.com.