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27.02.2023 10:46:22
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Festi hf.: Buy-back programme week 8
In week 8 2023, Festi purchased in total 355,000 own shares for total amount of 63,227,500 ISK as follows:
| Week | Date | Time | Purchased shares | Price | Purchase price | Total shares bought | Total puchase price |
| 8 | 21.2.2023 | 13:18:05 | 100.000 | 176,5 | 17.650.000 | 1.676.020 | 297.971.502 |
| 8 | 22.2.2023 | 14:56:56 | 75.000 | 174,5 | 13.087.500 | 1.751.020 | 311.059.002 |
| 8 | 23.2.2023 | 15:33:04 | 75.000 | 177 | 13.275.000 | 1.826.020 | 324.334.002 |
| 8 | 24.2.2023 | 13:48:20 | 30.000 | 183 | 5.490.000 | 1.856.020 | 329.824.002 |
| 8 | 24.02.2023 | 14:56:34 | 75.000 | 183 | 13.725.000 | 1.931.020 | 343.549.002 |
| 355.000 | 63.227.500 |
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 5,000,000 own shares or 1.60% of issued shares. Festi has now bought in total 1,931,020 own shares for 343,549,002 ISK and holds today 6,931,020 own shares or 2.22% of issued shares.This announcement of purchase of own shares is in accordance with the buy-back programme announced 6 January 2023 to Nasdaq OMX Iceland. The programme envisages the buy-back of a total of 3,000,000 own shares or 0.96% of the issued shares, with the cap of 650 million ISK purchase price.
For further information contact Magnús Kr. Ingason, CFO of Festi hf. (mki@festi.is).
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