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Festi hf.: Buy-back programme week 30
In week 30 2022 Festi purchased in total 550,000 own shares for total amount of 154,000,000 ISK as follows:
Week | Date | Time | Purchased shares | Price | Purchase price | Total shares bought | Total puchase price |
30 | 26/07/2022 | 12.36.44 | 100.000 | 221 | 22.000.000 | 2.875.000 | 622.825.000 |
30 | 26/07/2022 | 14.40.02 | 50.000 | 221 | 22.000.000 | 2.925.000 | 644.825.000 |
30 | 27/07/2022 | 13.42.09 | 75.000 | 220 | 22.000.000 | 3.000.000 | 666.825.000 |
30 | 27/07/2022 | 14.40.00 | 75.000 | 220 | 22.000.000 | 3.075.000 | 688.825.000 |
30 | 28/07/2022 | 13.09.25 | 100.000 | 223 | 22.000.000 | 3.175.000 | 710.825.000 |
30 | 29/07/2022 | 12.06.36 | 75.000 | 224 | 22.000.000 | 3.250.000 | 732.825.000 |
30 | 29/07/2022 | 13.56.14 | 75.000 | 224 | 22.000.000 | 3.325.000 | 754.825.000 |
|
|
| 550.000 |
| 154.000.000 |
|
|
The execution the buy-back programme is in accordance with Chapter VIII of the Company Act No 2/1995 and annex II to the Regulation on insider information and market abuse No 630/2005.
Before the purchase Festi held no shares in the company. Festi has now bought in total 3,325,000 own shares for 754,825,000 ISK and holds today 3,325,000 own shares or 1.06% of issued shares. This announcement of purchase of own shares is in accordance with the buy-back programme announced 21 June 2022 to Nasdaq OMX Iceland. The programme envisages the buy-back of a total of 5,000,000 own shares or 1.60% of the issued shares, with the cap of 1,150 million ISK purchase price.
For further information contact Magnús Kr. Ingason, CFO of Festi hf. (mki@festi.is).
