In week 26 2022 Festi purchased in total 225,000 own shares for total amount of 45,800,000 ISK as follows:
Week | Date | Time | Purchased shares | Price | Purchase price | Total shares bought | Total puchase price |
26 | 22.6.2022 | 12:03:37 | 50.000 | 200 | 10.000.000 | 50.000 | 10.000.000 |
26 | 22.6.2022 | 14:22:00 | 50.000 | 202 | 10.100.000 | 100.000 | 20.100.000 |
26 | 22.6.2022 | 15:12:17 | 50.000 | 202 | 10.100.000 | 150.000 | 30.200.000 |
26 | 24.6.2022 | 14:08:43 | 75.000 | 208 | 15.600.000 | 225.000 | 45.800.000 |
225.000 | 45.800.000 |
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 no shares in the company. Festi has now bought in total 225,000 own shares for 45.800.000 ISK and holds today 225,000 own shares or 0.07% of issued shares.This announcement of purchase of own shares is in accordance with the buy-back programme announced 21 June 2022 to Nasdaq OMX Iceland. The programme envisages the buy-back of a total of 5,000,000 own shares or 1.60% of the issued shares, with the cap of 1,150 million ISK purchase price.
For further information contact Magnús Kr. Ingason, CFO of Festi hf. (mki@festi.is).