In week 46 Festi purchased in total 313.969 own shares for total amount of 48.743.687 ISK as follows:
| Purchased | Purchase | Own shares total | ||||
| Week | Date | Time | shares | Share price | price | at end of day |
| 46 | 9.11.2020 | 12:32:59 | 150.000 | 155,50 | 23.325.000 kr | 9.445.407 |
| 46 | 10.11.2020 | 09:43:08 | 150.000 | 155,00 | 23.250.000 kr | 9.595.407 |
| 46 | 11.11.2020 | 10:07:11 | 13.969 | 155,25 | 2.168.687 kr | 9.609.376 |
| 313.969 | 48.743.687 kr |
This announcement of purchase of own shares is in accordance with the buy-back programme announced 4 October 2020 to Nasdaq OMX Iceland. Festi has now bought in total 3.963.969 own shares for 599.999.937 ISK and has with this finished the buy-back of own shares.
Before the purchase Festi held 5.645.407 own shares or 1.70% of issued shares but with these purchases owns now 9.609.376 shares which is 2.89% of issued shares.
The execution the buy-back programme was 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).