Festi hf.: Buy-back programme week 38

In week 38 Festi purchased in total 811,017 own shares for total amount of 162,092,383 ISK as follows:

			Purchased shares			Own shares total at end of day
Week	Date	Time		Share price	Purchase price
38	20.9.2021	13:17:26	10.717	199,000	2.132.683	2.510.717
38	20.9.2021	13:22:53	150.000	199,000	29.850.000	2.660.717
38	20.9.2021	13:57:40	300	199,000	59.700	2.661.017
38	21.9.2021	10:17:31	100.000	202,000	20.200.000	2.761.017
38	21.9.2021	13:50:51	150.000	198,000	29.700.000	2.911.017
38	22.9.2021	13:46:36	50.000	200,000	10.000.000	2.961.017
38	22.9.2021	13:54:45	100.000	200,000	20.000.000	3.061.017
38	23.9.2021	13.36:05	150.000	201,000	30.150.000	3.211.017
38	23.9.2021	13:42:55	100.000	200,000	20.000.000	3.311.017
			811.017		162.092.383

This announcement of purchase of own shares is in accordance with the buy-back programme announced 20 September 2021 to Nasdaq OMX Iceland. The programme envisages the buy-back of a total of 3,500,000 own shares or 1.08% of the issued shares, with the cap of 750 million ISK purchase price.

Before the purchase Festi held 2,500,000 own shares or 0.77% of issued shares. Festi has now bought in total 811,017 own shares for 162,092,383 ISK and holds today 3,311,017 own shares or 1,02% of issued shares.

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).