Festi hf.: Buyback program week 32
In week 32 2023, Festi purchased in total 114.714 own shares for total amount of 21,997,660 ISK as follows:
| Week | Date | Time | Purchased shares | Share price | Purchase price |
| 32 | 8.ágú | 14:47:14 | 3.014 | 190 | 572.660 |
| 32 | 8.ágú | 15:13:35 | 10.700 | 190 | 2.033.000 |
| 32 | 9.ágú | 13:43:20 | 70.000 | 192 | 13.440.000 |
| 32 | 10.ágú | 12:37:45 | 30.000 | 192 | 5.760.000 |
| 32 | 11.ágú | 14:51:53 | 1.000 | 192 | 192.000 |
| 114.714 | 21.997.660 |
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 8,273,462 own shares or 2.65% of issued shares. Festi has now bought in total 388,176 own shares for 74,164,865 ISK and holds today 8,388,176 own shares or 2.68% 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. ( ).
