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Festi: Buy-back programme week 42

Festi hf.
·1 min read

In week 42 Festi purchased in total 750.000 shares:

Purchased

Purchase

Own shares total

Week

Date

Time

shares

Share price

price

at end of day

42

12.10.2020

09:54:13

150.000

149,00

22.350.000 kr

6.445.407

42

13.10.2020

13:36:13

150.000

149,00

22.350.000 kr

6.595.407

42

14.10.2020

13:09:57

150.000

151,50

22.725.000 kr

6.745.407

42

15.10.2020

09:50:35

150.000

150,50

22.575.000 kr

6.895.407

42

16.10.2020

09:44:33

150.000

150,00

22.500.000 kr

7.045.407

750.000

112.500.000 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 7.045.407 shares or 2.12% 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).