Festi hf.: Buyback program week 44
In week 44 2023, Festi purchased in total 240,746 own shares for total amount of 44,196,891 ISK as follows:
| Week | Date | Time | Purchased shares | Share price | Purchase price |
| 44 | 30.10.2023 | 13:46:14 | 70.000 | 183,5 | 12.845.000 |
| 44 | 31.10.2023 | 14:11:50 | 70.000 | 184 | 12.880.000 |
| 44 | 1.11.2023 | 13:54:18 | 30.000 | 183 | 5.490.000 |
| 44 | 2.11.2023 | 12:24:17 | 4.700 | 183,5 | 862.450 |
| 44 | 2.11.2023 | 13:58:02 | 414 | 183,5 | 75.969 |
| 44 | 3.11.2023 | 10:14:20 | 5.000 | 183,5 | 917.500 |
| 44 | 3.11.2023 | 12:04:24 | 632 | 183,5 | 115.972 |
| 44 | 3.11.2023 | 12:22:04 | 60.000 | 183,5 | 11.010.000 |
| 240.746 | 44.196.891 |
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 2,313,286 own shares or 0.76% of issued shares. Festi has now bought in total 2,554,032 own shares for 474,077,536 ISK and holds today 2,554,032 own shares or 0.84% 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 1.15% of the issued shares, with the cap of 600 million ISK purchase price.
For further information contact Magnús Kr. Ingason, CFO of Festi hf. ().
