Eyrir sells 16.9 million shares in Ossur and remains the second largest shareholder
Eyrir Invest has sold 16.9 million shares in Ossur hf. at 7.25 DKK per share. After the transaction Eyrir holds 68.540 thousand shares, equivalent to 15.1% of outstanding shares in Ossur.
Eyrir Invest is a long term investor and has supported Ossur´s growth strategy since becoming a shareholder in 2004. After today’s transaction Eyrir Invest remains the second largest shareholder in Ossur. It is Eyrir Invests firm belief that there are interesting years ahead in Ossur´s operations as the company has secured its position as a leading global player in orthopaedics.
The purpose of the sale is to strengthen Eyrir Invest’s financials and cash position in accordance with Eyrir Invests strategy. Eyrir Invest´s shares in Marel and Ossur are booked according to the equity method. The sale of shares in Ossur results in a booked profit as the transaction is done at a higher price than the book value. Eyrir Invest will publish its annual accounts Friday March 19th.
Eyrir Invest´s financial position is sound. Eyrir Invest is a long term strategic investor. Eyrir Invest’s key holdings are a 32% share in Marel Food Systems hf., 15% share in Össur hf. and 17% share in the Dutch industrial conglomerate Stork. Eyrir has been a shareholder in Marel and Össur since 2004 and in Stork since 2006. Eyrir´s key holdings are market leaders in their respective industries. In recent years they have built up their current strong positions and looking forward they are in a position to harvest well.
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