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Festi hf.: Buy-back programme week 46

Festi hf.
·1-min read

In week 46 Festi purchased in total 313.969 own shares for total amount of 48.743.687 ISK as follows:

Purchased

Purchase

Own shares total

Week

Date

Time

shares

Share price

price

at end of day

46

9.11.2020

12:32:59

150.000

155,50

23.325.000 kr

9.445.407

46

10.11.2020

09:43:08

150.000

155,00

23.250.000 kr

9.595.407

46

11.11.2020

10:07:11

13.969

155,25

2.168.687 kr

9.609.376

313.969

48.743.687 kr

This announcement of purchase of own shares is in accordance with the buy-back programme announced 4 October 2020 to Nasdaq OMX Iceland. Festi has now bought in total 3.963.969 own shares for 599.999.937 ISK and has with this finished the buy-back of own shares.

Before the purchase Festi held 5.645.407 own shares or 1.70% of issued shares but with these purchases owns now 9.609.376 shares which is 2.89% of issued shares.

The execution the buy-back programme was 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).