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Festi hf.: Buy-back programme week 45

Festi hf.
·2 min read

In week 45 Festi purchased in total 750.000 own shares for total amount of 114.093.750 ISK as follows:

Purchased

Purchase

Own shares total

Week

Date

Time

shares

Share price

price

at end of day

45

2.11.2020

10:51:11

150.000

152,25

22.837.500 kr

8.695.407

45

3.11.2020

09:52:21

150.000

153,50

23.025.000 kr

8.845.407

45

4.11.2020

09:43:21

75.000

154,00

11.550.000 kr

8.920.407

45

4.11.2020

10:52:12

75.000

154,25

11.568.750 kr

8.995.407

45

5.11.2020

11:42:32

150.000

150,75

22.612.500 kr

9.145.407

45

6.11.2020

10:27:53

150.000

150,00

22.500.000 kr

9.295.407

750.000

114.093.750 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 3.650.000 own shares for 551.256.250 ISK and holds today 9.295.407 own shares or 2.79% 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).