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Festi hf.: Buy-back programme week 8

Festi hf.
Festi hf.

In week 8 2023, Festi purchased in total 355,000 own shares for total amount of 63,227,500 ISK as follows:


Week

Date

Time

Purchased shares

Price

Purchase price

Total shares bought

Total puchase price

8

21.2.2023

13:18:05

100.000

176,5

17.650.000

1.676.020

297.971.502

8

22.2.2023

14:56:56

75.000

174,5

13.087.500

1.751.020

311.059.002

8

23.2.2023

15:33:04

75.000

177

13.275.000

1.826.020

324.334.002

8

24.2.2023

13:48:20

30.000

183

5.490.000

1.856.020

329.824.002

8

24.02.2023

14:56:34

75.000

183

13.725.000

1.931.020

343.549.002

 

 

 

355.000

 

63.227.500

 

 


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 1,931,020 own shares for 343,549,002 ISK and holds today 6,931,020 own shares or 2.22% 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).