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Festi hf.: Buy-back programme week 52
In week 52 Festi purchased in total 270,000 own shares for total amount of 61,425,000 ISK as follows:
Week | Date | Time | Purchased shares | Price | Purchase price | Total shares bought |
52 | 28.12.2021 | 15:15:53 | 135.000 | 228,000 | 30.780.000 | 1.247.000 |
52 | 29.12.2021 | 12:29:04 | 135.000 | 227,000 | 30.645.000 | 1.382.000 |
270.000 | 61.425.000 | 1.382.000 |
Before the purchase Festi held 6,000,000 own shares or 1.85% of issued shares. Festi has now bought in total 1,382,000 own shares for 308,253,000 ISK and holds today 7,382,000 own shares or 2.28% of issued shares.This announcement of purchase of own shares is in accordance with the buy-back programme announced 14 December 2021 to Nasdaq OMX Iceland. The programme envisages the buy-back of a total of 5,000,000 own shares or 1.55% of the issued shares, with the cap of 1,200 million ISK purchase price.
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).
