Festi hf.: Buy-back programme week 5
In week 5 2023, Festi purchased in total 250,000 own shares for total amount of 43,930,000 ISK as follows:
| Week | Date | Time | Purchased shares | Price | Purchase price | Total shares bought | Total puchase price |
| 5 | 30.1.2023 | 13:42:27 | 30.000 | 178 | 5.340.000 | 923.500 | 166.894.000 |
| 5 | 30.1.2023 | 15:03:12 | 22.250 | 177 | 3.938.250 | 945.750 | 170.832.250 |
| 5 | 30.1.2023 | 15:03:24 | 4.629 | 177 | 819.333 | 950.379 | 171.651.583 |
| 5 | 30.1.2023 | 15:15:03 | 3.121 | 177 | 552.417 | 953.500 | 172.204.000 |
| 5 | 31.1.2023 | 11:39:21 | 30.000 | 176 | 5.280.000 | 983.500 | 177.484.000 |
| 5 | 31.1.2023 | 15:00:31 | 30.000 | 175 | 5.250.000 | 1.013.500 | 182.734.000 |
| 5 | 2.2.2023 | 11:39:40 | 1.980 | 175 | 346.500 | 1.015.480 | 183.080.500 |
| 5 | 2.2.2023 | 11:49:31 | 8.000 | 175 | 1.400.000 | 1.023.480 | 184.480.500 |
| 5 | 2.2.2023 | 11:52:10 | 20.020 | 175 | 3.503.500 | 1.043.500 | 187.984.000 |
| 5 | 3.2.2023 | 15:22:05 | 100.000 | 175 | 17.500.000 | 1.143.500 | 205.484.000 |
| 250.000 | 43.930.000 |
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 1,143,500 own shares for 205,484,000 ISK and holds today 6,143,500 own shares or 1.97% 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. ().
