Festi hf.: Buy-back programme week 43

  • 31

In week 43 Festi purchased in total 750.000 shares:

      Purchased   Purchase Own shares total
Week Date Time shares Share price price at end of day
             
43 19.10.2020 09:44:51        150.000     149,75 22.462.500 kr             7.195.407    
43 20.10.2020 09:45:58        150.000     153,25 22.987.500 kr             7.345.407    
43 21.10.2020 09:54:24        150.000     154,00 23.100.000 kr             7.495.407    
43 22.10.2020 09:43:17        150.000     155,00 23.250.000 kr             7.645.407    
43 23.10.2020 09:45:31        150.000     155,00 23.250.000 kr             7.795.407    
             
             750.000       115.050.000 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 7.795.407 shares or 2.34% 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).

Primary Logo

GlobeNewsWire

GlobeNewswire, a Nasdaq company, is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.