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).