Ossur Hf : Transactions in relation to share buyback program
Announcement from Össur hf. No. 101/2016
Reykjavík, 19 December 2016
On 1 December 2016, Össur hf. initiated a new share buy-back program, see Company announcement no. 96/2016.
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 November 2017. 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 (approx. DKK 70 million).
The following transactions have been made under the program in week 3, the period 12 December 2016 - 16 December 2016:
| Date | No. of shares | Avg. purchase price DKK | Transaction Value DKK | |||
| 12 December 2016 | 1,071 | 23.19 | 24,839 | |||
| 13 December 2016 | 5,106 | 23.20 | 118,446 | |||
| 14 December 2016 | 384 | 23.02 | 8,840 | |||
| 15 December 2016 | - | - | - | |||
| 16 December 2016 | - | - | - | |||
| Total | 6,561 | 23.19 | 152,125 | |||
Össur has acquired 72,862 shares under the program at the average price of DKK 23.48. Following the above transactions Össur's holding of own shares is 5,812,169 corresponding to 1.31% 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.
Contact persons:
Jón Sigurðsson, President & CEO Tel:+354 515 1300
Sveinn Sölvason, CFO Tel:+354 515 1300
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