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Festi hf.: Buy-back programme week 30

·2-min read
Festi hf.
Festi hf.

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).


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