Ossur Hf : Transactions in relation to share buyback program

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| Source: OSSUR HF

Announcement from Össur hf. No. 50/2017
Reykjavík, 17 July 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 33, the period 10 July 2017 - 14 July 2017:

Date No. of shares Avg. purchase price DKK Transaction Value DKK
10 July 2017 3,268 31.85 104,086
11 July 2017 8,750 31.58 276,368
12 July 2017 - - -
13 July 2017 10,164 31.51 320,241
14 July 2017 5,430 31.18 169,284
Total   27,612 31.51 869,978
       

Össur has acquired 1,777,279 shares under the program at the average price of DKK 28.99 Following the above transactions Össur's holding of own shares is 7,878,754 corresponding to 1.80% 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

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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.
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