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Festi hf.: Buy-back programme week 51

·1-min read

In week 51 Festi purchased in total 507,000 own shares for total amount of 112,383,000 ISK as follows:

Week

Date

Time

Purchased shares

Price

Purchase price

Total shares bought

51

20.12.2021

13:25:56

102.000

219,000

22.338.000

707.000

51

21.12.2021

15:05:04

135.000

220,000

29.700.000

842.000

51

22.12.2021

14:48:08

135.000

224,000

30.240.000

977.000

51

23.12.2021

11:49:49

135.000

223,000

30.105.000

1.112.000

507.000

112.383.000

1.112.000

Before the purchase Festi held 6,000,000 own shares or 1.85% of issued shares. Festi has now bought in total 1,112,000 own shares for 246,828,000 ISK and holds today 7,112,000 own shares or 2.20% 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).






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