Festi hf.: Buy-back programme week 7
In week 7 2023, Festi purchased in total 160,000 own shares for total amount of 27,712,500 ISK as follows:
| Week | Date | Time | Purchased shares | Price | Purchase price | Total shares bought | Total puchase price |
| 7 | 13.2.2023 | 14:34:36 | 5.000 | 172 | 860.000 | 1.421.020 | 253.469.002 |
| 7 | 14.2.2023 | 14:32:22 | 75.000 | 173,5 | 13.012.500 | 1.496.020 | 266.481.502 |
| 7 | 16.2.2023 | 13:03:13 | 80.000 | 173 | 13.840.000 | 1.576.020 | 280.321.502 |
| 160.000 | 27.712.500 |
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 1,576,020 own shares for 280,321,502 ISK and holds today 6,576,020 own shares or 2.10% 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. ().
