Össur hf. explores the potential for share buy-back block trades
(Thomson Reuters ONE) -
Announcement from Össur hf. No.46/2015
Reykjavík, 28 October 2015
Össur hf. explores the potential for share
buy-back block trades
Össur hf. has decided to actively explore the potential for share buy-back block
trades on NASDAQ Copenhagen and NASDAQ Iceland.
Carnegie Investment Bank has been selected as manager of the potential block
trade on NASDAQ Copenhagen, and Virding Capital Markets has been selected as
manager of the potential block trade on NASDAQ Iceland.
The Company will also consider commencing a subsequent "Safe Harbour" share buy-
back program.
The purpose of the share buy-backs is to adjust the capital structure by
distributing capital to shareholders in line with the Company's Capital
Structure and Dividend Policy. A proposal to decrease the share capital will be
submitted to the Annual General Meeting in 2016 if any transactions are
executed.
According to an authorization granted by the Annual General Meeting in March
2015, the Company is allowed to purchase own shares of up to 10% of the
Company's share capital as it stands each time. The authorization states that
the purchase price shall not be higher than the price of the last independent
trade or the highest current independent bid, whichever is higher, on the
regulated market where the transaction is carried out.
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 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 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 Statements
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.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Ossur Hf via GlobeNewswire
[HUG#1962093]
Unternehmensinformation / Kurzprofil:
Datum: 28.10.2015 - 17:00 Uhr
Sprache: Deutsch
News-ID 430180
Anzahl Zeichen: 4177
contact information:
Town:
Reykjavik
Kategorie:
Business News
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