FESTI N1 Hf

Festi: Transactions in relation to a share buy-back programme

Festi: Transactions in relation to a share buy-back programme

Buy-back of shares in Festi amounted to 2.157.876 shares in week 10 2020:

WeekDate TimeNumber of sharesShare pricePurchase pricePurchased shares
hlutir  
1003.03.202010:01  539.469,00127,5  68.782.298  539.469,00
1004.03.202015:01  539.469,00127  68.512.563  1.078.938,00
1005.03.202010:35  539.469,00123  66.354.687  1.618.407,00
1006.03.202009:46  539.469,00118  63.657.342  2.157.876,00

This announcement of purchase of own shares is in accordance with Festi‘s buy-back programme announced by notice to Nasdaq OMX Iceland on 2 March 2020.  

Prior to the transactions Festi held 1,000,000 of own shares or 0,3% and holds 3,157,876 shares or 0,96% of own shares after the transactions. The maximum of the buy-back is 5,000,000 shares or 1,5% of issued shares. The buy-back programme is in force until 23 March 2020 which is the date for the Annual General Meeting of the company.

The buy-back programme is carried out in accordance with Chapter VIII of the Act on limited liability companies No. 2/1995 and Annex II to the Regulation on insider information and market abuse No. 630/2005.

For further information contact Eggert Þór Kristófersson, CEO of Festi hf., ()

EN
07/03/2020

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