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2009-11-03 08:24:15 CET 2009-11-03 08:25:56 CET REGULATED INFORMATION Össur hf. - Company AnnouncementCompletion of the Offering of 29,500,000 new sharesNot for release, publication, or distribution in Australia, Canada, Japan or the United States. Press release from Össur hf. Reykjavik, 3 November 2009; GMT 07:30 Completion of the Offering of 29,500,000 new shares The offering (the "Offering") of 29,500,000 new Össur hf. ("Össur") shares (the "New Shares") has been successfully concluded via an accelerated bookbuilding. Reference is also made to stock exchange announcement of 2 November 2009. The offer price is DKK 5.00 per New Share, raising gross proceeds to Össur of DKK 148 million. (USD 29 million). The Offering was made to institutional and other qualified investors in Denmark and internationally. Capital increase The New Shares to be issued in connection with the Offering represent approximately 7.0% of Össur's registered share capital before the capital increase and will account for approximately 6.5% of Össur's registered share capital upon completion of the capital increase. After the capital increase, the share capital of Össur will consist of 452,500,000 shares of nominal ISK 1 each, equivalent to a nominal value of ISK 452,500,000. Expected timetable Date of payment against delivery: 6 November 2009 Date of registration of the capital increase in the Icelandic Register of Enterprises: 6 November 2009 Date for admission for trading and official listing of New Shares under the existing ISIN code: 9 November 2009 The New Shares will rank pari passu with existing Össur shares. The New Shares will be registered in the name of the holder in the company's register of shareholders and be issued and registered with the Icelandic Securities Depository HF. and VP Securities A/S. No shares, including the New Shares, carry or will carry any special rights. The New Shares will be negotiable instruments and will in every respect carry the same rights as the existing shares. Rights conferred by the New Shares, including voting rights and dividend rights, will apply from the time when the capital increase is registered with the Icelandic Register of Enterprises. Trading with Icelandic financial instruments is currently subject to Icelandic Foreign Exchange Rules. The Central Bank of Iceland has granted exemptions to the rules allowing certain transfers of and trade in Össur shares. Investors domiciled outside Iceland will, in general, be able to trade the New Shares freely on the Danish market. More detailed information on the possibilities to transfer and trade Össur shares can be found on Össur's website: www.ossur.com/investors. Further information can be found on Ossur's website: www.ossur.com/investors. Össur contacts: Jon Sigurdsson, President & CEO, Tel: +354 515-1300 Hjorleifur Palsson, CFO, Tel: +354 515-1300 Sigurborg Arnarsdottir, IR Manager, Tel: +354 664-1044 Össur (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 braces, 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 distributors worldwide. ***** This announcement is not an offer for sale of securities in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933 as amended. The issuer of the securities has not registered, and does not intend to register, any portion of the offering in the United States, and does not intend to conduct a public offering of securities in the United States. This announcement is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) that are qualified investors within the meaning of Article 2(1)(e) of Directive 2003/71/EC ("Prospectus Directive") and that are either (x) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 205 (the "Order") or (y) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i) and (ii) above together being referred to as "relevant persons"). The New Shares are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. This announcement is an advertisement and is not a prospectus for the purposes of the Prospective Directive, together with any applicable implementing measures in the relevant home Member State under the Prospectus Directive.In any EEA Member State that has implemented the Prospective Directive this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Directive. ***** This announcement contains certain forward-looking statements, including statements about the Company's business and the Offering. Such forward-looking statements are based on data, assumptions and estimates that the Company considers to be reasonable. They may change or be amended owing to uncertainties related to the economic, financial, competitive and regulatory environment, and market conditions. In addition, the Company's business activities and its ability to meet its goals may be adversely affected if one or more of the risks that are set forth in the summary document that was prepared in connection with the listing of shares in Össur on NASDAQ OMX Copenhagen in addition to the section "Risk factors" in the Company's Annual Report 2008 materialize, or if other risks, currently unforeseen or considered insignificant, materialize. The Company does not undertake to meet or give any guarantee that it will meet its goals. Investors are urged in particular to pay careful attention to the risk factors described in the summary document that was prepared in connection with the listing of shares in Össur on NASDAQ OMX Copenhagen in addition to the section "Risk factors" in the Company's Annual Report 2008. |
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