Össur’s Capital Structure and Dividend policy was updated in February 2021 by the Board of Directors:
Össur’s Capital Structure and Dividend policy was updated in February 2021 by the Board of Directors: The key objective of the Capital Structure and Dividend Policy is to maintain a healthy balance sheet and a level of net interest-bearing debt of 1.5-2.5x to EBITDA. Össur will prioritize value-adding investment opportunities and acquisitions while excess capital is returned to shareholders via annual cash dividends and/or purchase of own shares. Össur’s policy is to distribute a relatively stable cash dividend which will be decided annually in DKK per share. Return of capital to shareholders is based on objectives of maintaining a solid financial position, operational outlook and investment requirements. In order to maintain flexibility for operations and investments, or due to unexpected economic situations, Össur can temporarily exceed the level of net interest-bearing debt to EBITDA. Össur will not return capital to shareholders when the leverage is above the target range of 1.5-2.5x.