Festi hf.: Buy-back programme week 43

In week 43 Festi purchased in total 750.000 shares:

			Purchased		Purchase	Own shares total
Week	Date	Time	shares	Share price	price	at end of day
43	19.10.2020	09:44:51	150.000	149,75	22.462.500 kr	7.195.407
43	20.10.2020	09:45:58	150.000	153,25	22.987.500 kr	7.345.407
43	21.10.2020	09:54:24	150.000	154,00	23.100.000 kr	7.495.407
43	22.10.2020	09:43:17	150.000	155,00	23.250.000 kr	7.645.407
43	23.10.2020	09:45:31	150.000	155,00	23.250.000 kr	7.795.407
			750.000		115.050.000 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 shares or 1.70% of issued shares. Festi today holds 7.795.407 shares or 2.34% 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 Eggert Þór Kristófersson, CEO of Festi hf., (eggert@festi.is) and Magnús Kr. Ingason, CFO of Festi hf. (mki@festi.is).