Össur hf: Transactions in relation to share buyback program
Announcement no. 47/2019
12 August 2019
Transactions in relation to share buyback program
On 14 May 2019, Össur hf. initiated a share buy-back program, see Company announcement no. 31/2019.
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 31 December 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 13, the period 5 August 2019 – 9 August 2019:
| Transactions | ||||||
| Date | No. of shares | Avg. purchase price in DKK |
Transaction value in DKK |
|||
| 5 August 2019 | 20,000 | 44.71 | 894,190 | |||
| 6 August 2019 | 20,000 | 44.72 | 894,384 | |||
| 7 August 2019 | 26,620 | 45.56 | 1,212,717 | |||
| 8 August 2019 | 20,000 | 45.21 | 904,168 | |||
| 9 August 2019 | 20,000 | 45.61 | 912,180 | |||
| Total | 106,620 | 45.18 | 4,817,639 | |||
Össur has acquired 1,362,266 shares under the program at the average price of DKK 40.87. Following the above transactions Össur’s holding of own shares is 2,279,584 corresponding to 0.54% 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 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