Ossur Hf: Transactions in relation to share buyback program

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Announcement no. 43/2019

22 July 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 10, the period 15 July 2019 – 19 July 2019:

Date   No. of shares   Avg. purchase
price in DKK
value in DKK
15 July 2019   12,410   42.32   525,236
16 July 2019   16,284   41.94   683,008
17 July 2019   40,000   42.60   1,704,008
18 July 2019   9,902   42.11   416,955
19 July 2019   35,600   42.26   1,504,495
Total    114,196   42.33     4,833,702

Össur has acquired 1,002,836 shares under the program at the average price of DKK 39.53. Following the above transactions Össur’s holding of own shares is 2,045,145 corresponding to 0.48% 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