Össur hf. commences an Equity Buyback Plan for 10% of its issued share capital, under the authorization approved on March 8, 2022.
October 17, 2022 at 11:00 am EDT
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Össur hf. (CPSE:OSSR) commences share repurchases on October 10, 2022, under the program mandated by the shareholders in the Annual General Meeting held on March 8, 2022. As per the mandate, the company is authorized to repurchase up to 10% of its share capital. The purchase price shall not be higher than the price of the last independent trade or the highest current independent bid, whichever is higher, on the regulated market where the transaction is carried out. The purpose of the program is to maintain a desired capital level in line with the company's dividend policy approved by the Board of Directors. The share repurchase program will be valid for 30 months, until September 8, 2024.
On October 7, 2022, the company announced a share repurchase program. Under the program, the company may repurchase up to 2,000,000 shares, representing 0.47% of its issued share capital, for a total cost of $10 million (DKK 65.06 million). The shares will be repurchased at a price not exceeding the price of the last independent trade or highest current independent bid, whichever is higher. The purpose of the 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 commence on October 10, 2022 and will end no later than September 30, 2023.
Embla Medical hf, formerly Ossur hf, is an Iceland-based company that operates within the field of medical equipment and supplies sector. The Company is active in the development and distribution of products in the fields of non-invasive prosthetics, medical braces and supports. The Company's business activities are divided into three business segment: The Prosthetics, its product portfolio includes a range of lower and upper limb prosthetic components; The Bracing & Supports, which offers the Unloader One range of knee braces that relieve pain from knee osteoarthritis, as well as the Unloader Hip which is designed to reduce pain by optimizing load dispersion for patients suffering from mild and moderate osteoarthritis of the hip; and The Patient Care, which operates a network of Patient Care clinics around the world, with each one catering to individual patients and their needs.
EMBLA MEDICAL HF. 
