Festi hf.: Buyback program week 41
In week 41 2023, Festi purchased in total 300,000 own shares for total amount of 54,192,500 ISK as follows:
| Week | Date | Time | Purchased shares | Share price | Purchase price |
| 41 | 9.okt | 14:11:43 | 70.000 | 180,25 | 12.617.500 |
| 41 | 10.okt | 10:44:15 | 30.000 | 181,5 | 5.445.000 |
| 41 | 11.okt | 13:30:18 | 70.000 | 180 | 12.600.000 |
| 41 | 12.okt | 14:53:46 | 70.000 | 181 | 12.670.000 |
| 41 | 13.okt | 12:15:46 | 60.000 | 181 | 10.860.000 |
| 300.000 | 54.192.500 |
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 9,703,286 own shares or 3.11% of issued shares. Festi has now bought in total 2,003,286 own shares for 373,775,645 ISK and holds today 10,003,286 own shares or 3.20% 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.
Reference is made to Festi announcement regarding reduction of the Company´s share capital which was published on October 12, 2023. The reduction will be carried out today.
For further information contact Magnús Kr. Ingason, CFO of Festi hf. ().
