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Festi hf.: Buy-back programme week 29
In week 29 2022 Festi purchased in total 700,000 own shares for total amount of 153,850,000 ISK as follows:
Week | Date | Time | Purchased shares | Price | Purchase price | Total shares bought | Total puchase price |
29 | 18.7.2022 | 13:01:11 | 75.000 | 220 | 16.500.000 | 2.150.000 | 463.475.000 |
29 | 18.7.2022 | 14:12:00 | 75.000 | 220 | 16.500.000 | 2.225.000 | 479.975.000 |
29 | 19.7.2022 | 12:34:49 | 75.000 | 220 | 16.500.000 | 2.300.000 | 496.475.000 |
29 | 19.7.2022 | 13:59:14 | 50.000 | 220 | 11.000.000 | 2.350.000 | 507.475.000 |
29 | 19.7.2022 | 14:49:24 | 25.000 | 220 | 5.500.000 | 2.375.000 | 512.975.000 |
29 | 20.7.2022 | 12:34:52 | 75.000 | 219 | 16.425.000 | 2.450.000 | 529.400.000 |
29 | 20.7.2022 | 14:34:54 | 50.000 | 219 | 10.950.000 | 2.500.000 | 540.350.000 |
29 | 20.7.2022 | 15:23:12 | 25.000 | 219 | 5.475.000 | 2.525.000 | 545.825.000 |
29 | 21.7.2022 | 12:16:25 | 75.000 | 220 | 16.500.000 | 2.600.000 | 562.325.000 |
29 | 21.7.2022 | 14:24:35 | 50.000 | 220 | 11.000.000 | 2.650.000 | 573.325.000 |
29 | 21.7.2022 | 14:37:22 | 25.000 | 220 | 5.500.000 | 2.675.000 | 578.825.000 |
29 | 22.7.2022 | 13:13:08 | 100.000 | 220 | 22.000.000 | 2.775.000 | 600.825.000 |
|
|
| 700.000 |
| 153.850.000 |
|
|
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 2,775,000 own shares for 600,825,000 ISK and holds today 2,775,000 own shares or 0.89% 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).
