Salute e Benessere
Ossur Hf : Transactions in relation to share buyback program
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 1 February 2016 - 5 February 2016:
Össur has acquired 467,651 shares under the program at the average price of DKK 22.79. Following the above transactions Össur's holding of own shares is 2,932,651 corresponding to 0.7% 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").
Jón Sigurðsson, President & CEO Tel: +354 515 1300
Sveinn Sölvason, CFO Tel: +354 515 1300
If you wish to receive Össur press releases by e-mail please register at the following web-site: http://www.ossur.com/investormailings
Copyright GlobeNewswire
Regulatory News
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: %s via Globenewswire