Source: Festi hf.
Festi: Buy-back programme week 42
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).