Festi hf.: Buyback program week 34
In week 34 2023, Festi purchased in total 242,637 own shares for total amount of 46,997,530 ISK as follows:
| Week | Date | Time | Purchased shares | Share price | Purchase price |
| 34 | 21.ágú | 14:04:37 | 70.000 | 195,75 | 13.702.500 |
| 34 | 22.ágú | 10:19:56 | 2.000 | 195,5 | 391.000 |
| 34 | 22.ágú | 13:24:33 | 8.000 | 195,5 | 1.564.000 |
| 34 | 22.ágú | 13:55:19 | 50.000 | 195,5 | 9.775.000 |
| 34 | 22.ágú | 14:26:33 | 8.000 | 195,5 | 1.564.000 |
| 34 | 24.ágú | 10:10:26 | 30.000 | 193,5 | 5.805.000 |
| 34 | 24.ágú | 14:59:53 | 20.000 | 191,5 | 3.830.000 |
| 34 | 25.ágú | 10:28:58 | 30.000 | 189,5 | 5.685.000 |
| 34 | 25.ágú | 13:54:37 | 24.637 | 190 | 4.681.030 |
| 242.637 | 46.997.530 |
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 8,668,176 own shares or 2.77% of issued shares. Festi has now bought in total 910,813 own shares for 175,764,895 ISK and holds today 8,910,813 own shares or 2.85% 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. ( ).
