Ossur Hf : Transactions in relation to share buyback program

Announcement no. 25/2019

15 April 2019 

Transactions in relation to share buyback program

On 9 October 2018, Össur hf. initiated a share buy-back program, see Company announcement no. 59/2018.

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 June 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 26, the period 8 April 2019 - 12 April 2019:

Transactions
Date   No. of shares   Avg. purchase
price in DKK
  Transaction
value in DKK
08 April 2019   21,064   33.59   706,213
09 April 2019   1,013   33.10   33,530
10 April 2019   9,144   33.60   307,238
11 April 2019   22,500   33.65   757,251
12 April 2019   7,419   32.85   243,714
Total    61,140   33.50      2,047,946

 

Össur has acquired 1,974,368 shares under the program at the average price of DKK 32.60. Following the above transactions Össur's holding of own shares is 1,347,802 corresponding to 0.31% of the Company's total share capital. Össur's AGM, held on 7 March 2019 approved a motion to cancel 5,430,259 shares. The capital reduction was registered last Friday, 29 March 2019, see announcement 21/2019.

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