Ossur Hf : Transactions in Relation to Share Buyback Program - Nov. 20, 2017

Announcement from Össur hf. No. 83/2017
Reykjavík, 20 November 2017


On 15 August 2017, Ossur initiated a share buy-back program, see Company announcement no. 59/2017. 

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 July 2018. The Company may purchase up to 5,000,000 shares under the program, corresponding to 1.1% of the current share capital. The total consideration for shares purchased under the program shall not exceed USD 10 million.

The following transactions were made under the program in week 14, the period 13 November 2017 - 17 November 2017:

Date No. of shares Avg. purchase price DKK Transaction Value DKK
13 November 2017 8,246 29.02 239,278
14 November 2017 3,827 28.96 110,826
15 November 2017 600 29.00 17,400
16 November 2017 12,725 29.06 369,772
17 November 2017 6,590 29.05 191,456
Total   31,988 29.03 928,732

Össur has acquired 698,805 shares under the program at the average price of DKK 29.64. Following the above transactions Össur's holding of own shares is 8,815,410 corresponding to 2.02% of the Company's total share capital.

The share buyback program 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.                                                                                                                                                                                                            

Contact persons:

Jón Sigurðsson, President & CEO                                        Tel: +354 515 1300

Sveinn Sölvason, CFO                                                          Tel: +354 515 1300

Össur press releases by e-mail: If you wish to receive Össur press releases by e-mail please register at the following web-site: http://www.ossur.com/investormailings 

About Össur Össur (NASDAQ: OSSR) is a global leader in non-invasive orthopedics 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 braces, supports and prosthetic limbs. 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

Forward-Looking Statement This press release includes "forward-looking statements" which involve risks and uncertainties that could cause actual results to differ materially from results expressed or implied by these statements. Össur hf. undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.

Back to news