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Festi hf.: Buy-back programme week 1

·1-min read

In week 1 2022 Festi purchased in total 605,000 own shares for total amount of 139,150,000 ISK as follows:


Week

Date

Time

Purchased shares

Price

Purchase price

Total shares bought

Total puchase price

1

4.1.2022

09:47:36

135.000

228

30.780.000

1.517.000

339.033.000

1

5.1.2022

10:24:23

135.000

232

31.320.000

1.652.000

370.353.000

1

5.1.2022

11:53:53

65.000

230

14.950.000

1.717.000

385.303.000

1

6.1.2022

11:11:59

135.000

229

30.915.000

1.852.000

416.218.000

1

7.1.2022

11:50:42

135.000

231

31.185.000

1.987.000

447.403.000

605.000

139.150.000


Before the purchase Festi held 6,000,000 own shares or 1.85% of issued shares. Festi has now bought in total 1,987,000 own shares for 447,403,000 ISK and holds today 7,987,000 own shares or 2.47% of issued shares.This announcement of purchase of own shares is in accordance with the buy-back programme announced 14 December 2021 to Nasdaq OMX Iceland. The programme envisages the buy-back of a total of 5,000,000 own shares or 1.55% of the issued shares, with the cap of 1,200 million ISK purchase price.

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.

For further information contact Magnús Kr. Ingason, CFO of Festi hf. (mki@festi.is).




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