Ossur Hf : Transactions in relation to share buyback program
Announcement from Össur hf. No. 97/2016
Reykjavík, 1 December 2016
On 3 December 2015, Össur hf. initiated a share buy-back program, see Company announcement no. 48/2015. The program ended yesterday, 30 November 2016.
The following transactions were made under the program in the period 28 November 2016 - 30 November 2016:
| Date | No. of shares | Avg. purchase price DKK | Transaction Value DKK | |||
| 28 November 2016 | 4,180 | 25.04 | 104,660 | |||
| 29 November 2016 | 2,000 | 25.00 | 50,000 | |||
| 30 November 2016 | 12,000 | 24.62 | 295,400 | |||
| Total | 18,180 | 24.76 | 450,060 | |||
Össur acquired in total 1,981,334 shares under the program at the average price of DKK 24.69. Following the above transactions Össur's holding of own shares is 5,793,307 corresponding to 1.30% of the Company's total share capital.
A new "Safe Harbor" share buyback program was initiated today, 1 December 2016, on Nasdaq Copenhagen, see Company announcement no. 96/2016.
Contact persons:
Jón Sigurðsson, President & CEO Tel: +354 515 1300
Sveinn Sölvason, CFO Tel: +354 515 1300
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About Össur Össur (NASDAQ: OSSR) is a global leader in non-invasive orthopedics 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 Statement 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.