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Festi hf.: Buy-back programme week 44

Festi hf.
·1 min read

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).