Ossur Hf : Transactions in relation to share buyback

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
207
Ossur Hf : Transactions in relation to share buyback program

Announcement from Össur hf. No. 12/2017 Reykjavík, 20 February 2017

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 12, the period 13 February 2017 - 17 February 2017:

Date No. of shares Avg. purchase price DKK Transaction Value DKK
13 February 2017 2,909 25.04 73,702
14 February 2017 8,000 25.39 203,080
15 February 2017 8,544 25.34 216,508
16 February 2017 3,361 25.46 85,569
17 February 2017 5,449 25.41 138,441
Total   28,263 25.38 717,300

Össur has acquired 352,295 shares under the program at the average price of DKK 24.42. Following the above transactions Össur's holding of own shares is 6,091,602 corresponding to 1.38% 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...6d0f6d72fc

Scroll down for more posts ▼

Top 10 Most Recent News Articles

HUMAIN and VUZ Transform AI Education with Immersion

Updated Category News Views 16

AI Education: Not Your Grandpa’s Learning Anymore Jumping onto the scene like it's got something to prove, the duo of HUMAIN and VUZ are shaking up how AI is taught and learned. We're not just talking about jazzing up online lectures or flashier webinars. No, we're knee-deep in immersive AI streaming experiences now. They've whipped up a concoction called HUMAIN+, and...

Continue Reading
Teciem Boosts Board with Banking Tech Leader

Updated Category News Views 187

A Pinch of Pragmatism in Teciem's Boardroom Teciem's board just got a shot of reality with the appointment of Alla Whitston from MUFG Americas. Now, how often can one say a board director actually knows what it’s like on the other side of the vendor relationship? Not often, my friends. But here you’ve got Whitston, who's seen all the tech tribulations banks face from...

Continue Reading
ThreatBook Maintains High Ranking in Gartner's NDR Report

Updated Category News Views 29

ThreatBook: Standing Firm in NDR These days, if you're not keeping your cyber front secure, well, you're asking for trouble. In this digital age, when the bells and whistles of Network Detection and Response (NDR) chime, ThreatBook is one name that keeps echoing. For the fourth consecutive year, this cybersecurity stalwart nails it in Gartner's 'Voice of the Customer'...

Continue Reading
Community Dental Programs Bridge Care Gaps Effectively

Updated Category News Views 17

Community Dental Programs: A Collaborative Force for Change Kicking around the same old healthcare conundrum, aren't we? But here's the kicker—dental care, of all things, gets a fierce spotlight today. We're diving into how community dental programs, backed by the grit of professionals like Dr. Erin Beveridge Cabuling and Dr. Monica Wu, make a serious dent in improving...

Continue Reading
Corgi Insurance Bolsters Specialty Lines with Tamez Hire

Updated Category News Views 15

Corgi Insurance Welcomes Eric Tamez Out of the blue, they just dropped this little nugget—Eric Tamez is stepping into the Vice President shoes of Specialty Lines over at Corgi Insurance. If you're wondering, this isn't some run-of-the-mill appointment. We're talking about a guy who's been deep into the underbelly of the insurance beast, carving out a name in the mess of...

Continue Reading
Endava Faces Class Action Over Misleading Accounting

Updated Category News Views 21

Endava's Accounting Woes: A Deep Dive Look, if you're holding onto Endava plc (NYSE: DAVA) shares, it's time to perk those ears up. There's a class action lawsuit cooking, and it's all about how Endava misled folks about some tricky accounting tricks—something about fudging the books with customer and supplier agreements. That's putting a lot of people's hard-earned...

Continue Reading
Florida Parents Push for National Online Safety Deal

Updated Category News Views 28

Florida's Call for Safeguarding Kids Online You know, it's not every day you see a political agreement that can unite parents regardless of which side of the fence they're on, but this one seems to be doing the trick. The call for better online safety measures for kids in Florida is gaining serious muscle, with two-thirds of parents backing the state's participation in a...

Continue Reading
Honeywell Aerospace Faces Class Action Suit Deadline

Updated Category News Views 15

Investors Grapple with Bitter Pill: The HONA Legal Saga Alright, let's dive headfirst into the latest headache for Honeywell Aerospace Inc. (NASDAQ: HONA) shareholders. Earlier this year, HONA found itself in hot water over allegations linked to cybersecurity blunders and misleading statements. If you've invested in this company anytime from June 29 to September 1, 2026,...

Continue Reading
AEWIN Unveils Powerful Servers with AMD EPYC Chips

Updated Category News Views 120

AEWIN's Bold Move in Server Tech Hang onto your hats, folks, 'cause AEWIN Technologies just took its server game to a whole new level. During the AMD in Depth: EPYC "Venice" event in Las Vegas, AEWIN, nestled neatly under the Qisda Group umbrella, hit the market with hardware that's bound to turn heads—both literally and figuratively. With their latest server offerings...

Continue Reading
Argá Medtech Advances Sine Wave Tech for Atrial Fibrillation

Updated Category News Views 20

Shaking Up Cardiac Ablations with Sine Waves If you thought sine waves were just for math class, Argá Medtech is here to prove you wrong. They've wrapped up enrollment for their paroxysmal atrial fibrillation (PAF) cohort in the COHERENT-AF study, bringing their sine wave-based pulsed field ablation (PFA) into the spotlight. For those of us with an eye on medtech...

Continue Reading

Top 5 Most Recently Viewed Articles

Discovering the Rise of Refurbished Tech for Holiday Shopping

Updated Category News Views 290

Exploring the Shift Towards Refurbished Tech As the holiday season approaches, many consumers are rethinking their technology purchases, opting for refurbished devices instead of brand new ones. Back Market, the leading platform for premium refurbished tech, recently shared insightful data that highlights this growing trend. The findings show that shoppers are now...

Continue Reading
Kroger Reports Strong Sales Boost Amid Grocery Demand Surge

Updated Category News Views 67

Kroger's Impressive Performance in the Grocery Industry Kroger has recently achieved remarkable results, surpassing Wall Street's expectations for quarterly same-store sales. This success is mainly due to their commitment to offering fresh groceries at competitive prices, attracting customers who are keen to save as household budgets get tighter. Shifts in Consumer...

Continue Reading
Investors Encouraged to Join Class Action Against Sable Offshore

Updated Category News Views 146

A Class Action Lawsuit: What You Need to Know In recent news, Sable Offshore Corp. (NASDAQ: SOC) has caught the attention of investors following a significant downturn in its stock price. Investors affected by the company's recent challenges are encouraged to understand their rights and potential claims related to their investments in Sable. What Led to the Class Action...

Continue Reading
Engage with History: AI Mentorship Platform Unleashed

Updated Category News Views 141

Innovative AI Mentorship and Historical Insights Imagine having an enriching conversation with Marcus Aurelius, Socrates, Nietzsche, or Confucius, not in a book, but in real-time! Historic Mentor has launched a groundbreaking online platform that enables users to experience personalized dialogues with profound thinkers from history. This unique service uses artificial...

Continue Reading
T-Mobile's Stock Journey: Fluctuations and Future Growth Potential

Updated Category News Views 74

T-Mobile's Stock Performance Update T-Mobile US Inc, trading under the ticker TMUS, recently achieved a notable milestone by surpassing the $200 mark. This event is significant in the company's trading history, as it serves as a crucial psychological barrier for both investors and traders. Shortly after crossing this threshold, the stock peaked at $205, but this...

Continue Reading