Ossur Hf : Transactions in relation to share buyback

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
Ossur Hf : Transactions in relation to share buyback program

Announcement from Össur hf. No. 83/2016 Reykjavík, 3 October 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 26 September 2016 - 30 September 2016:

Date No. of shares Avg. purchase price DKK Transaction Value DKK
26 September 2016 2,345 26.24 61,525
27 September 2016 1,205 25.69 30,953
28 September 2016 1,234 25.78 31,808
29 September 2016 5,500 25.60 140,805
30 September 2016 2,736 25.45 69,621
Total   13,020 25.71 334,712

Össur has acquired 1,810,137 shares under the program at the average price of DKK 24.62. Following the above transactions Össur's holding of own shares is 5,668,110 corresponding to 1.28% 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.

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 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.

Scroll down for more posts ▼

Top 10 Most Recent News Articles

ROKFORM Unleashes Rangefinder 18X with Bold Features

Updated Category News Views 4

Strong Magnets and Smarter Tracking: A Golfer's Companion Forget about the agony of misplacing that pricey bit of tech you thought was secure on your golf cart. ROKFORM's new Rangefinder 18X promises to stick around with its bold tech debut. We're talking a magnet on steroids here—up to three times stronger than the competition. If your last purchase slipped on a bumpy...

Continue Reading
Grid Hurdles Stalling Industrial Heat's Future Growth

Updated Category News Views 3

The Grid's the New Ball and Chain Now that we're done fiddling with tech, let's talk grid. The industrial players itching to switch to electric heat have found a new villain: the grid. You'd think with resistance heating, electric boilers, electric arc furnaces, and the whole shebang ready to roll, it’d be a smooth ride. But nope, the bottleneck's the bloodstream...

Continue Reading
MLS Org's Sue Compass to Safeguard Fair Listing Access

Updated Category News Views 4

Real Estate Clash: MLS vs. Compass Imagine flipping on the TV to see a legal showdown brewing in the real estate world — you've got six heavy-hitter MLSs facing off against Compass, Inc. Yeah, we're talking a legal slugfest here, folks, as these MLSs rally to keep the playing field level for over 120,000 agents across the country. They're not messing around, bringing a...

Continue Reading
Sheep Meet Solar: Maryland's Agrivoltaics Unfurled

Updated Category News Views 2

Who would have thought sheep could be power players in Maryland's clean energy scene? But here we are, staring at a field in Cooksville where eighty sheep graze under the watchful gaze of solar panels. It’s not your everyday scene, but it’s a sign of the times when energy meets agriculture head-on. The Unlikely Marriage of Solar and Sheep What we’re looking at is a...

Continue Reading
LEDC and Crosson Lead the Charge in Community Finance

Updated Category News Views 2

Recognizing Game-Changers in Community Development Finance In the financial landscape, it's not always about the big tickers and glitzy IPOs. Sometimes, it's the intrepid ground-level players who make the real difference. That's exactly what happened when the Opportunity Finance Network (OFN) held its 42nd annual conference in New Orleans, honoring standouts in the realm...

Continue Reading
College Athletics Needs a New Business Revolution

Updated Category News Views 3

Wake Up Call for College Athletics Here's a heads-up—college sports aren't just about cheering fans and game-day jerseys anymore. It's high time universities start thinking of athletics as businesses, blending the thrill of game day with the realities of financial statements. Michael Schreiber rang this bell loud and clear on the 'Disruption Interruption' podcast,...

Continue Reading
China's Sewing Machine Exports: Global Expansion Surge

Updated Category News Views 1

China's Position as a Sewing Machine Powerhouse It seems like the global sewing machine market is having a bit of a renaissance, and China's sitting pretty right at the center. You see, places like Taizhou in Zhejiang Province aren’t just pushing out volume—they're slamming market demand with innovation and precision. Once known primarily as the manufacturing hub,...

Continue Reading
Frost & Sullivan Boosts China Insight with LeadLeo

Updated Category News Views 3

Navigating China's Complex Market Landscape You've got to understand, the stakes in China are like a high-wire act—mystifying and risky, yet bountiful if you play your cards right. Frost & Sullivan's latest maneuver into China's business intel scene is basically the lifeline for navigating this increasingly convoluted market. With China surging ahead in AI, biotech, and...

Continue Reading
LifeWave's Bold New Path in Human Performance

Updated Category News Views 5

Redefining the Everyday Athlete Not every day you see a wellness company talking about 'performance' in the broader human sense. Not just for the pros or those beating personal records but for anyone looking to lift the quality of their daily grind. That's the new line LifeWave's drawing in the sand with their spiffy 'Human Performance Technology.' They're looking to...

Continue Reading
Monigle's 7 Transform Awards: Building Human Connections

Updated Category News Views 5

Award-Winning Branding with Heart Alright, let’s dig into Monigle's world—a place where branding isn't just a static logo slapped on anything that moves but is instead about creating alive, breathing experiences that genuinely connect with people. They didn't just turn heads at the Transform Awards North America, they're the ones with jaws dropping, folks. Seven...

Continue Reading

Top 5 Most Recently Viewed Articles

Fanatics Collectibles Set to Launch Iconic Flagship Store in 2025

Updated Category News Views 277

Fanatics Collectibles to Open a Groundbreaking Flagship Store In an exciting announcement, Fanatics Collectibles is preparing to unveil its very first global flagship store, which will be set in the vibrant Regent Street of London. The store is slated to open in the spring of 2025 and promises to be a haven for sports fans and collectors alike. What to Expect at the New...

Continue Reading
hoopla Digital and Creativebug Unite to Elevate Craft Learning

Updated Category News Views 297

hoopla Digital Teams Up with Creativebug to Enrich Library Offerings hoopla Digital, known for its innovative approach to digital media, is setting a new standard in public library services. The organization has recently joined forces with Creativebug, an acclaimed online platform for arts and crafts education, to broaden access to creative resources for library patrons....

Continue Reading
MKBHD Faces Backlash Over High Subscription for New App

Updated Category News Views 311

MKBHD Addresses Backlash Regarding His New Wallpaper App Marques Brownlee, the well-known tech YouTuber better known as MKBHD, has come forward to tackle the criticism aimed at his recently launched wallpaper app, Panels. This response comes after numerous users raised concerns about the app’s pricing structure and potential data privacy issues. Details of the App...

Continue Reading
Fog Computing Market Growth Propelled by Smart Device Expansion

Updated Category News Views 152

Exploring the Rising Fog Computing Market The fog computing market is experiencing significant expansion, fueled largely by the increasing proliferation of Internet of Things (IoT) devices across various sectors. The market, which was valued at approximately USD 285.59 million recently, is projected to balloon to around USD 11,537.48 million within the upcoming years,...

Continue Reading
Understanding the Latest Short Interest Trends for NuScale Power

Updated Category News Views 193

Overview of NuScale Power Corp's Short Interest NuScale Power Corp (NYSE: SMR) has recently reported a decline in its short interest as a percentage of float, which has dropped by 8.67%. Currently, there are approximately 42.01 million shares sold short, representing 24.65% of the shares available for trading. With this level of short interest, it would take about 1.8...

Continue Reading