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Festi hf.: Buy-back programme week 1 and 2
In week 1 and 2 2023 Festi purchased in total 318,500 own shares for total amount of 58,654,000 ISK as follows:
Week | Date | Time | Purchased shares | Price | Purchase price | Total shares bought | Total puchase price |
1 | 6.1.2023 | 15:23:09 | 50.000 | 187 | 9.350.000 | 50.000 | 9.350.000 |
2 | 10.1.2023 | 13:07:15 | 50.000 | 185 | 9.250.000 | 100.000 | 18.600.000 |
2 | 12.1.2023 | 12:14:02 | 1.000 | 184 | 184.000 | 101.000 | 18.784.000 |
2 | 12.1.2023 | 13:21:34 | 7.500 | 184 | 1.380.000 | 108.500 | 20.164.000 |
2 | 12.1.2023 | 14:30:40 | 100.000 | 185 | 18.500.000 | 208.500 | 38.664.000 |
2 | 13.1.2023 | 10:31:01 | 30.000 | 181 | 5.430.000 | 238.500 | 44.094.000 |
2 | 13.1.2023 | 14:12:30 | 80.000 | 182 | 14.560.000 | 318.500 | 58.654.000 |
|
|
| 318.500 |
| 58.654.000 |
|
|
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 5,000,000 own shares or 1.60% of issued shares. Festi has now bought in total 318,500 own shares for 58,654,000 ISK and holds today 5,318,500 own shares or 1.70% of issued shares.This announcement of purchase of own shares is in accordance with the buy-back programme announced 6 January 2023 to Nasdaq OMX Iceland. The programme envisages the buy-back of a total of 3,000,000 own shares or 0.96% of the issued shares, with the cap of 650 million ISK purchase price.
For further information contact Magnús Kr. Ingason, CFO of Festi hf. (mki@festi.is).
