Announcement no. 61/2019
21 October 2019
On 10 September 2019, Össur hf. initiated a share buy-back program, see Company announcement no. 53/2019.
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 06, the period 14 October 2019 – 18 October 2019:
Date No. of Avg. purchase Transaction
shares price in DKK value in DKK
14 October 2019 22,480 45.48 1,022,408
15 October 2019 14,761 45.91 677,617
16 October 2019 28,733 45.99 1,321,497
17 October 2019 30,000 45.45 1,393,593
18 October 2019 20,000 46.06 921,174
Total 115,974 46.01 5,336,289
Össur has acquired 644,094 shares under the program at the average price of DKK 49.15. Following the above transactions Össur’s holding of own shares is 2,746,654 corresponding to 0.65% 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.
David Hreidarsson, Investor Relations, email@example.com, +354 515 1380
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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
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