Festi: Buy-back programme week 25
In week 25, Festi purchased in total 1.250.000 own shares for total amount of 250.250.000 ISK as follows:
| Purchased | Purchase | Own shares total | ||||
| Week | Date | Time | shares | Share price | price | at end of day |
| 25 | 21.6.2021 | 09:33 | 250.000 | 200,50 | 50.125.000 | 659.376 |
| 25 | 22.6.2021 | 09:40 | 250.000 | 199,00 | 49.750.000 | 909.376 |
| 25 | 23.6.2021 | 09:35 | 250.000 | 199,00 | 49.750.000 | 1.159.376 |
| 25 | 24.6.2021 | 10:43 | 250.000 | 200,50 | 50.125.000 | 1.409.376 |
| 25 | 25.6.2021 | 11:48 | 250.000 | 202,00 | 50.500.000 | 1.659.376 |
| 1.250.000 | 250.250.000 |
This announcement of purchase of own shares is in accordance with the buy-back programme announced 20 June 2021 to Nasdaq OMX Iceland. The programme envisages the buy-back of a total of 2.090.623 own shares or 0,65% of the issued shares, with the cap of 430 million ISK purchase price.
Before the purchase Festi held 409,376 own shares or 0.13% of issued shares. Festi has now bought in total 1.250.000 own shares for 250.250.000 ISK and holds today 1.659.376 own shares or 0.51% 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 Magnús Kr. Ingason, CFO of Festi hf. ().
