Festi hf.: Buy-back programme week 44

In week 44 Festi purchased in total 750.000 own shares for total amount of 114.637.500 ISK as follows:

			Purchased		Purchase	Own shares total
Week	Date	Time	shares	Share price	price	at end of day
44	26.10.2020	09:41:15	150.000	155,00	23.250.000 kr	7.945.407
44	27.10.2020	10:06:30	150.000	152,75	22.912.500 kr	8.095.407
44	28.10.2020	10:10:51	150.000	151,25	22.687.500 kr	8.245.407
44	29.10.2020	09:48:53	150.000	152,25	22.837.500 kr	8.395.407
44	30.10.2020	11:13:13	150.000	153,00	22.950.000 kr	8.545.407
			750.000		114.637.500 kr

This announcement of purchase of own shares is in accordance with the buy-back programme announced 4 October 2020 to Nasdaq OMX Iceland. The programme envisages the buy-back of a total of 4.000.000 own shares or 1.2% of the issued shares, with the cap of 600 million ISK purchase price.

Before the purchase Festi held 5.645.407 own shares or 1.70% of issued shares. Festi has now bought in total 2.900.000 own shares for 437.162.500 ISK and holds today 8.545.407 own shares or 2.57% 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).