Press release from Össur hf.
Reykjavik, 30 November 2009, GMT 22:00
Insignificant share capital increase
The Board of Directors of Össur hf. (Össur) has today resolved to
issue 1,250,000 new shares in the Company, raising the total share
capital 0.28%, from ISK 452,500,000 to ISK 453,750,000 nominal value.
The resolution was made in accordance with the Board's authorization
contained in the Company's Articles of Association, section B, second
paragraph of Art. 2.01.
The new shares are issued in relation to Össur's acquisition of a
stake in a US bracing and support distribution company. This
acquisition has immaterial impact on Össur operations.
The price of each new share is DKK 5.12 (equivalent to USD 1.03) to
be paid in USD. Accordingly, the gross proceeds will be USD
1,287,500. The sellers have subscribed for all the new shares.
Sigurborg Arnarsdottir, IR Manager, Tel: +354 664-1044
Össur (NASDAQ OMX: OSSR) is a global leader in non-invasive
orthopaedics 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 bracing,
supports, prosthetic limbs and compression therapies. 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
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