Festi hf.: Buy-back programme week 45
In week 45 Festi purchased in total 750.000 own shares for total amount of 114.093.750 ISK as follows:
| Purchased | Purchase | Own shares total | ||||
| Week | Date | Time | shares | Share price | price | at end of day |
| 45 | 2.11.2020 | 10:51:11 | 150.000 | 152,25 | 22.837.500 kr | 8.695.407 |
| 45 | 3.11.2020 | 09:52:21 | 150.000 | 153,50 | 23.025.000 kr | 8.845.407 |
| 45 | 4.11.2020 | 09:43:21 | 75.000 | 154,00 | 11.550.000 kr | 8.920.407 |
| 45 | 4.11.2020 | 10:52:12 | 75.000 | 154,25 | 11.568.750 kr | 8.995.407 |
| 45 | 5.11.2020 | 11:42:32 | 150.000 | 150,75 | 22.612.500 kr | 9.145.407 |
| 45 | 6.11.2020 | 10:27:53 | 150.000 | 150,00 | 22.500.000 kr | 9.295.407 |
| 750.000 | 114.093.750 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 own shares or 1.70% of issued shares. Festi has now bought in total 3.650.000 own shares for 551.256.250 ISK and holds today 9.295.407 own shares or 2.79% 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. ().
