Festi hf.: Buyback program week 31
In week 31 2023, Festi purchased in total 240.575 own shares for total amount of 45,888,675 ISK as follows:
| Week | Date | Time | Purchased shares | Share price | Purchase price |
| 31 | 31.7.2023 | 14:42:19 | 30.000 | 191 | 5.730.000 |
| 31 | 1.8.2023 | 10:12:38 | 30.000 | 191 | 5.730.000 |
| 31 | 1.8.2023 | 12:04:42 | 40.000 | 191,25 | 7.650.000 |
| 31 | 2.8.2023 | 11:08:28 | 575 | 189 | 108.675 |
| 31 | 3.8.2023 | 12:17:33 | 70.000 | 191 | 13.370.000 |
| 31 | 4.8.2023 | 13:02:04 | 70.000 | 190 | 13.300.000 |
| 240.575 | 45.888.675 |
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 8,032,887 own shares or 2.57% of issued shares. Festi has now bought in total 273,462 own shares for 52,167,205 ISK and holds today 8,273,462 own shares or 2.65% 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. ( ).
