Ossur Hf : Transactions in relation to share buyback program
(Thomson Reuters ONE) -
Announcement from Össur hf. No. 51/2015
Reykjavík, 21 December 2015
On 3 December 2015, Össur hf. initiated a share buy-back program, see Company
announcement no. 48/2015.
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 1 December 2016. 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 (approx. DKK 70 million).
The following transactions have been made under the program in the period 14
December 2015 - 18 December 2015:
Date No. of shares Avg. purchase price DKK Transaction Value DKK
------------------------------------------------------------------------------
14 December 2015 9,111 23.08 210,253
15 December 2015 12,000 23.03 276,300
16 December 2015 6,000 23.30 139,800
17 December 2015 10,000 23.93 239,250
18 December 2015 10,000 23.90 239,000
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Total week 51 47,111 23.45 1,104,603
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Össur has acquired 98.862 shares under the program at the average price of DKK
23.35. Following the above transactions Össur's holding of own shares is
2,563,862 corresponding to approx. 0.6% of the Company's total share capital.
The share buyback program on NASDAQ Copenhagen is carried out in compliance with
the provisions of the European Commission's Regulation No. 2273/2003 ("the Safe
Harbor Regulation").
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#1975158]
Unternehmensinformation / Kurzprofil:
Datum: 21.12.2015 - 16:56 Uhr
Sprache: Deutsch
News-ID 441088
Anzahl Zeichen: 4834
contact information:
Town:
Reykjavik
Kategorie:
Business News
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