Festi hf.: Buy-back programme week 3
In week 3 2023, Festi purchased in total 260,000 own shares for total amount of 46,820,000 ISK as follows:
| Week | Date | Time | Purchased shares | Price | Purchase price | Total shares bought | Total puchase price |
| 3 | 16.1.2023 | 10:32:01 | 3.000 | 181 | 543.000 | 321.500 | 59.197.000 |
| 3 | 16.1.2023 | 14:21:22 | 30.000 | 182 | 5.460.000 | 351.500 | 64.657.000 |
| 3 | 16.1.2023 | 14:32:02 | 87 | 181 | 15.747 | 351.587 | 64.672.747 |
| 3 | 16.1.2023 | 15:10:25 | 26.913 | 181 | 4.871.253 | 378.500 | 69.544.000 |
| 3 | 17.1.2023 | 10:41:02 | 30.000 | 179 | 5.370.000 | 408.500 | 74.914.000 |
| 3 | 17.1.2023 | 13:56:28 | 30.000 | 179 | 5.370.000 | 438.500 | 80.284.000 |
| 3 | 18.1.2023 | 10:56:54 | 30.000 | 178 | 5.340.000 | 468.500 | 85.624.000 |
| 3 | 19.1.2023 | 14:32:35 | 50.000 | 181 | 9.050.000 | 518.500 | 94.674.000 |
| 3 | 19.1.2023 | 15:16:33 | 30.000 | 181 | 5.430.000 | 548.500 | 100.104.000 |
| 3 | 20.1.2023 | 11:13:00 | 30.000 | 179 | 5.370.000 | 578.500 | 105.474.000 |
| 260.000 | 46.820.000 |
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 578,500 own shares for 105,474,000 ISK and holds today 5,578,500 own shares or 1.79% 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. ().
