Festi hf.: Buyback program week 30
In week 30 2023, Festi purchased in total 32,887 own shares for total amount of 6,278,530 ISK as follows:
| Week | Date | Time | Purchased shares | Share price | Purchase price |
| 30 | 25.07.2023 | 13:34:54 | 30.000 | 191 | 5.730.000 |
| 30 | 27.07.2023 | 13:20:45 | 1.000 | 190 | 190.000 |
| 30 | 27.07.2023 | 15:13:21 | 1.887 | 190 | 358.530 |
| 32.887 | 6.278.530 |
The execution of the buyback program is in accordance with the Act on Public Limited Companies No 2/1995, Article 5 of the Regulation of the European parliament and of the Council No. 596/2014, on market abuse, the Commissions Delegated Regulation No. 2016/1052 and the Act on Actions against Market Fraud No. 60/2021.
Before the purchase Festi held 8,000,000 own shares or 2.56% of issued shares. Festi has now bought in total 32,887 own shares for 6,278,530 ISK and holds today 8,032,887 own shares or 2.57% of issued shares. This announcement of purchase of own shares is in accordance with the buyback program announced 21 July 2023 to Nasdaq OMX Iceland. The program envisages the buyback of a total of 3,500,000 own shares or 1.12% of the issued shares, with the cap of 600 million ISK purchase price.
For further information contact Magnús Kr. Ingason, CFO of Festi hf. ( ).
