Ossur Hf : Transactions in relation to share buyback program
(Thomson Reuters ONE) -
Announcement from Össur hf. No. 05/2016
Reykjavík, 25 January 2016
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 18
January 2016 - 22 January 2016:
Date No. of shares Avg. purchase price DKK Transaction Value DKK
------------------------------------------------------------------------------
18 January 2016 16,000 22.02 352,397
19 January 2016 5,000 22.23 111,126
20 January 2016 11,000 22.08 242,915
21 January 2016 10,226 22.05 225,455
22 January 2016 5,774 22.06 127,396
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Total 48,000 22.07 1,059,289
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Össur has acquired 332,288 shares under the program at the average price of DKK
22.89. Following the above transactions Össur's holding of own shares is
2,797,288 corresponding to 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#1981048]
Unternehmensinformation / Kurzprofil:
Datum: 25.01.2016 - 17:00 Uhr
Sprache: Deutsch
News-ID 446310
Anzahl Zeichen: 4719
contact information:
Town:
Reykjavik
Kategorie:
Business News
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