Festi hf.: Buy-back programme week 32
In week 32 2022 Festi purchased in total 550,000 own shares for total amount of 121,650,000 ISK as follows:
| Week | Date | Time | Purchased shares | Price | Purchase price | Total shares bought | Total puchase price |
| 32 | 8.8.2022 | 13:44:59 | 75.000 | 220 | 16.500.000 | 3.815.000 | 831.445.000 |
| 32 | 8.8.2022 | 13:50:14 | 75.000 | 220 | 16.500.000 | 3.890.000 | 847.945.000 |
| 32 | 8.8.2022 | 15:06:14 | 75.000 | 220 | 16.500.000 | 3.965.000 | 864.445.000 |
| 32 | 9.8.2022 | 13:46:07 | 75.000 | 220 | 16.500.000 | 4.040.000 | 880.945.000 |
| 32 | 10.8.2022 | 13:55:14 | 100.000 | 220 | 22.000.000 | 4.140.000 | 902.945.000 |
| 32 | 11.8.2022 | 14:46:54 | 100.000 | 224 | 22.400.000 | 4.240.000 | 925.345.000 |
| 32 | 11.8.2022 | 15:20:55 | 50.000 | 225 | 11.250.000 | 4.290.000 | 936.595.000 |
| 550.000 | 121.650.000 |
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 no shares in the company. Festi has now bought in total 4,290,000 own shares for 936,595,000 ISK and holds today 4,290,000 own shares or 1.37% of issued shares.This announcement of purchase of own shares is in accordance with the buy-back programme announced 21 June 2022 to Nasdaq OMX Iceland. The programme envisages the buy-back of a total of 5,000,000 own shares or 1.60% of the issued shares, with the cap of 1,150 million ISK purchase price.
For further information contact Magnús Kr. Ingason, CFO of Festi hf. ().
