Össur hf: Share buyback program completed
Announcement no. 12/2020
17 February 2020
On 26 November 2019, Össur hf. initiated a share buy-back program, see Company announcement no. 72/2019.
The purpose of the share buyback program was 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 would end no later than 11 March 2020. The Company could 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 should not exceed USD 10 million.
Following are the last transactions made under the program in week 11, the period 10 February 2020 – 14 February 2020:
| Transactions | ||||||
| Date | No. of shares | Avg. purchase price in DKK |
Transaction value in DKK |
|||
| 10 February 2020 | 30,469 | 48.52 | 1,478,374 | |||
| 11 February 2020 | 20,119 | 48.47 | 975,210 | |||
| 12 February 2020 | 16,000 | 49.05 | 784,875 | |||
| 13 February 2020 | 30,000 | 49.39 | 1,481,784 | |||
| 14 February 2020 | 31,300 | 49.68 | 1,555,071 | |||
| Total | 127,888 | 49.02 | 6,275,315 | |||
Össur acquired 1,358,589 shares under the program at the average price of DKK 50.71. The total consideration amounted to around USD 10 million (approx. DKK 69 million) and thus the program has been completed. Össur currently holds 4,089,800 own shares, corresponding to 0.96% of the Company’s total share capital.
The share buyback program was 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
Helga Danielsdottir, Investor Relations, hdanielsdottir@ossur.com, +354 515 1300
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About Össur
Össur (Nasdaq Copenhagen: OSSR) is a global leader in non-invasive orthopaedics that help people live a life without limitations. A recognized “Technology Pioneer,” Össur focuses on improving people’s mobility through the delivery of innovative technologies in Prosthetics and Bracing & Supports, by investing significantly in research and product development to create award-winning designs with consistently strong market positions. Successful patient and clinical outcomes are further empowered via Össur’s educational programs and business solutions. As part of Össur’s long-standing commitment to social responsibility, the company has been a signatory to the United Nations Global Compact since 2011, and also participates in the Nasdaq Nordic and Baltic exchanges’ voluntary guidelines for Environment, Social and Corporate Governance (ESG). Össur is headquartered in Iceland, with major operations in the Americas, Europe and Asia, and additional distributors worldwide. www.ossur.com