Össur signs a new market making agreement with Saga Capital
Press release from Ossur hf.
12 September 2009, GMT 16:25
Össur signs a new market making agreement with
Saga Capital
Össur hf. and Saga Capital Investment Bank hf. have today signed a
new market making agreement, replacing the previous agreement between
the companies from April 2008. This agreement is only in relation to
the Company's listing in Iceland.
According to the agreement, Saga Capital acts as market maker on
NASDAQ OMX Iceland for shares issued by Össur. Saga Capital will
submit daily bid and offer quotes for the shares in the NASDAQ OMX
Iceland trading system. The amount of each bid and offer quote shall
be a minimum of 20,000 shares at a price determined by Saga Capital
at any given time. The maximum bid/offer spread shall not exceed 2.0%
and the difference from the last price shall not exceed 3.5%. Saga
Capital is obligated to provide liquidity for up to 100,000 shares
each day.
The purpose of the agreement is to facilitate trading and provide
liquidity in the Company's shares on NASDAQ OMX Iceland and to
promote efficient and transparent price formation.
Össur contacts:
Hjörleifur Palsson, CFO, tel. +354 515 1300
Sigurborg Arnarsdottir, IR Manager, tel. +354 664 1044
About Össur
Össur (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 bracing and supports,
prosthetic limbs and compression therapies. 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
America and Europe, with additional distributors worldwide.