Festi hf.: Buy-back programme week 4
In week 4 2023, Festi purchased in total 315,000 own shares for total amount of 56,080,000 ISK as follows:
Week | Date | Time | Purchased shares | Price | Purchase price | Total shares bought | Total puchase price |
4 | 23.1.2023 | 14:13:14 | 50.000 | 179 | 8.950.000 | 628.500 | 114.424.000 |
4 | 23.1.2023 | 14:42:34 | 30.000 | 179 | 5.370.000 | 658.500 | 119.794.000 |
4 | 25.1.2023 | 14:54:56 | 50.000 | 178 | 8.900.000 | 708.500 | 128.694.000 |
4 | 26.1.2023 | 11:37:45 | 30.000 | 177 | 5.310.000 | 738.500 | 134.004.000 |
4 | 26.1.2023 | 14:41:51 | 80.000 | 177,5 | 14.200.000 | 818.500 | 148.204.000 |
4 | 27.1.2023 | 14:33:55 | 75.000 | 178 | 13.350.000 | 893.500 | 161.554.000 |
|
|
| 315.000 |
| 56.080.000 |
|
|
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.
Before the purchase Festi held 5,000,000 own shares or 1.60% of issued shares. Festi has now bought in total 893,500 own shares for 161,554,000 ISK and holds today 5,893,500 own shares or 1.89% of issued shares.This announcement of purchase of own shares is in accordance with the buy-back programme announced 6 January 2023 to Nasdaq OMX Iceland. The programme envisages the buy-back of a total of 3,000,000 own shares or 0.96% of the issued shares, with the cap of 650 million ISK purchase price.
For further information contact Magnús Kr. Ingason, CFO of Festi hf. (mki@festi.is).
