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Festi hf.: Buy-back programme week 29

·2-min read
Festi hf.
Festi hf.

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).


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