Festi hf.: Buy-back programme week 10
In week 10 2023, Festi purchased in total 316,030 own shares for total amount of 55,851,298 ISK as follows:
|Week||Date||Time||Purchased shares||Price||Purchase price||Total shares bought||Total puchase price|
The execution of the buy-back programme is in accordance with Chapter VIII of the Company Act No 2/1995, Article 5 of the Regulation of the European parliament and of the Council (EU) on Market Fraud No. 60/2021, the Commissions Delegated Regulation No. 2016/1052 and the Act on Actions against Market Fraud No. 60/2021.
Before the purchase Festi held 5,000,000 own shares or 1.60% of issued shares. Festi has now bought in total 2,568,550 own shares for 457,447,300 ISK and holds today 7,568,550 own shares or 2.42% 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. (email@example.com).
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