Festi hf.: Buy-back programme week 11
In week 11 2023, Festi purchased in total 260,000 own shares for total amount of 45,155,000 ISK as follows:
| Week | Date | Time | Purchased shares | Price | Purchase price | Total shares bought | Total puchase price |
| 11 | 13.3.2023 | 13:31:52 | 30.000 | 171 | 5.130.000 | 2.598.550 | 462.577.300 |
| 11 | 13.3.2023 | 13:49:10 | 50.000 | 171,5 | 8.575.000 | 2.648.550 | 471.152.300 |
| 11 | 15.3.2023 | 11:01:24 | 30.000 | 175 | 5.250.000 | 2.678.550 | 476.402.300 |
| 11 | 15.3.2023 | 13:02:14 | 50.000 | 173 | 8.650.000 | 2.728.550 | 485.052.300 |
| 11 | 16.3.2023 | 14:26:56 | 50.000 | 174 | 8.700.000 | 2.778.550 | 493.752.300 |
| 11 | 17.3.2023 | 14:25:06 | 50.000 | 177 | 8.850.000 | 2.828.550 | 502.602.300 |
| 260.000 | 45.155.000 |
The execution of the buy-back programme is in accordance with Chapter VIII of the Company Act No 2/1995, Article 5 of the Regulation of the European parliament and of the Council (EU) on Market Fraud No. 60/2021, the Commissions Delegated Regulation No. 2016/1052 and the Act on Actions against Market Fraud No. 60/2021.
Before the purchase Festi held 5,000,000 own shares or 1.60% of issued shares. Festi has now bought in total 2,828,550 own shares for 502,602,300 ISK and holds today 7,828,550 own shares or 2.51% 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. ().
