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. 100/2016 Reykjavík, 12 December 2016

On 1 December 2016, Össur hf. initiated a new share buy-back program, see Company announcement no. 96/2016.

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 30 November 2017. The Company may purchase up to 5,000,000 shares under the program, corresponding to 1.2% 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 week 2, the period 5 December 2016 - 9 December 2016:

Date No. of shares Avg. purchase price DKK Transaction Value DKK
05 December 2016 3,112 23.86 74,264
06 December 2016 11,988 23.81 285,426
07 December 2016 6,509 23.61 153,674
08 December 2016 12,753 23.11 294,769
09 December 2016 12,000 22.79 273,430
Total     46,362 23.33 1,081,563

Össur has acquired 66,301 shares under the program at the average price of DKK 23.51. Following the above transactions Össur's holding of own shares is 5,805,608 corresponding to 1.31% 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 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.

Attachments:

http://www.globenewswire.com/NewsRoom/Attachm...cc7cb86bf7

Scroll down for more posts ▼

Top 10 Most Recent News Articles

SmallRig Boosts Art-Driven Innovation in AI Era

Updated Category News Views 203

The Interplay of Art and AI In a world where the lines between man and machine blur faster than ever, creators like SmallRig are boldly asking: what role should authenticity play when AI takes the stage? The Shenzhen International Art Museum and SmallRig stood shoulder to shoulder, tackling this head-scrambling question with a global gathering of art and tech giants. It's...

Continue Reading
Novo's CagriSema Trial Shows Promising Obesity Results

Updated Category News Views 346

Novo's Latest Weight Loss Gamble Well, look what we have here. Novo Nordisk is shaking up the obesity treatment scene with some bold numbers from their REDEFINE 9 trial. The investigational CagriSema combo of amylin analog and GLP-1 receptor agonist has churned out an eyeball-popping near 21% weight loss. For context, we're staring down the barrel of numbers far meatier...

Continue Reading
AppLovin Legal Woes: A Deep Dive into Investor Claims

Updated Category News Views 209

AppLovin Faces Legal Heat and Market Scrutiny Bitter truth has a way of crashing like a wave, and AppLovin (NASDAQ: APP) is feeling the brunt of it. Now knee-deep in a securities class action, the firm’s been accused of selling fairy tales about its AI capabilities, leaving investors clutching at substantial losses. If you’ve been banking on their promises between...

Continue Reading
Servier's Data on Tovorafenib Shows Promise in pLGG

Updated Category News Views 409

New Light on a Critical Challenge Talk about a fight in the dark. Pediatric low-grade glioma (pLGG) is a menace that families dread, an uphill battle with odds that feel relentless. Enter Servier and its four-year updated data on OJEMDA® (tovorafenib), a beacon of hope for kids battling these tricky brain tumors. Results, presented at the SNO meeting, are fresh off the...

Continue Reading
Lilly's Obesity Breakthroughs: A Step Beyond the Scale

Updated Category News Views 181

Pushing the Boundaries of Obesity Treatment Alright, let's cut through the noise and get to what really matters here. Eli Lilly is taking on obesity treatment like it's Clash of the Titans at this year's ObesityWeek 2026 in Washington, D.C. Forget just dropping pounds—Lilly wants to reshape how we think about obesity entirely. They're not just leaning into the scale,...

Continue Reading
Beko Pushes for Policy Synergy Amidst Carbon Shakeup

Updated Category News Views 232

When big names like Beko step up on the global stage, you pay attention. During the COP31 panels in Antalya, Türkiye, the company's brass made one thing clear: we need harmony in how climate, trade, and finance policies come together. The stakes? The very strength of industrial competitiveness as new carbon rules turn the heat up on manufacturing practices. The Call for...

Continue Reading
Motphys Unleashes MotrixSim 1.0, Aiming at Simulation Dominance

Updated Category News Views 319

Motphys Breaks into the Global Simulation Scene The tech world just got slammed with what might be a seismic shift: Motphys, a bold outfit hailing from China, has dropped its brand-new, homegrown simulation engine, MotrixSim 1.0. It's causing quite the stir, unveiling at the Conference on Robot Learning 2026 (CoRL) and throwing down the gauntlet to Western titans like...

Continue Reading
El Pollo Loco Faces Class Action Over Wage Practices

Updated Category News Views 407

Alright, here's where things start sizzling—El Pollo Loco, the fast-food chicken chain whose name translates to 'The Crazy Chicken'—is in a legal pickle. The lawsuit hanging over their heads could spell a sticky situation for them and possibly ripple through the fast-food industry. The suit, filed by the steadfast firm Blumenthal Nordrehaug Bhowmik De Blouw LLP, has...

Continue Reading
Advanta's Game-Changer: Acquiring Misr Hytech to Expand in Africa

Updated Category News Views 317

Advanta's Strategic Move into Africa Alright, let's cut to the chase. Advanta is making a big splash with its acquisition of Misr Hytech, a move that's going to shake things up in Africa's agricultural sector. This isn't just another merger to gloss over with your morning coffee. We're talking about a deal that's supposed to wrap up by January 31, 2027, bringing together...

Continue Reading
PASCAL's Holiday Gift Edit: Timeless Watches Shine

Updated Category News Views 273

Fresh Sparkle for the Holidays Well, here we are again, staring down the barrel of another holiday season. And what do you know, PASCAL is out with its 2026 Holiday Gift Edit, like clockwork. This is the kind of stuff they’re good at—capturing a moment, slapping some color on it, and calling it a game-changer. Launching on November 14, this edit nods to their Timeless...

Continue Reading

Top 5 Most Recently Viewed Articles

Future Growth of Electronic Trial Master File Market Explained

Updated Category News Views 150

Overview of the Electronic Trial Master File Market The Electronic Trial Master File (eTMF) market is set for impressive growth, projected to reach USD 2.8 billion in the coming years. This rise is being fueled by the increasing demand for integrated eTMF systems and the growing number of clinical trials. As clinical trials become more complex and far-reaching, the...

Continue Reading
Understanding July 2025 Beer Taxable Removals Trends

Updated Category News Views 213

Insights into July 2025 Beer Taxable Removals As we look at the activities in the brewing industry, a significant detail emerged regarding the taxable removals of beer for the month of July 2025. This estimate stands at 12,625,000 barrels, reflecting a modest decrease of 0.8% from the previously recorded 12,724,742 barrels in July 2024. Such figures provide a crucial...

Continue Reading
Exciting Developments in Nutrition Share Global Insights

Updated Category News Views 131

Innovations in Nutrition at the American Society's Annual Meeting The world of food and nutrition is about to witness a significant gathering where groundbreaking discoveries will be shared at the American Society for Nutrition's flagship annual event. Nutrition professionals from various backgrounds and regions will convene to exchange insights and research findings that...

Continue Reading
Meta's Bold Plan: Reviving Stablecoins by End of 2026

Updated Category News Views 305

Of Faded Dreams and New Roads Years back, I watched as Meta tripped over itself trying to launch the Libra project. What a train wreck! That was supposed to be the golden ticket for digital payments. Now, it’s back at it like a dog chasing its tail, with plans to revive stablecoins by the end of 2026 through a partnership with third-party vendors. Feels like we’re...

Continue Reading
Leadership Changes at ICANN: New Appointments for 2025

Updated Category News Views 520

ICANN Leadership Announcement The Internet Corporation for Assigned Names and Numbers (ICANN) has shared exciting news about its leadership. Tripti Sinha has been reappointed as the Chair of the ICANN Board of Directors, and Sajid Rahman has taken the role of Vice Chair. This announcement marks a significant transition for the organization, promising new strategies and...

Continue Reading