Festi hf.: Buy-back programme week 43
In week 43 Festi purchased in total 750.000 shares:
Purchased | Purchase | Own shares total | ||||
Week | Date | Time | shares | Share price | price | at end of day |
43 | 19.10.2020 | 09:44:51 | 150.000 | 149,75 | 22.462.500 kr | 7.195.407 |
43 | 20.10.2020 | 09:45:58 | 150.000 | 153,25 | 22.987.500 kr | 7.345.407 |
43 | 21.10.2020 | 09:54:24 | 150.000 | 154,00 | 23.100.000 kr | 7.495.407 |
43 | 22.10.2020 | 09:43:17 | 150.000 | 155,00 | 23.250.000 kr | 7.645.407 |
43 | 23.10.2020 | 09:45:31 | 150.000 | 155,00 | 23.250.000 kr | 7.795.407 |
750.000 | 115.050.000 kr |
This announcement of purchase of own shares is in accordance with the buy-back programme announced 4 October 2020 to Nasdaq OMX Iceland. The programme envisages the buy-back of a total of 4.000.000 own shares or 1.2% of the issued shares, with the cap of 600 million ISK purchase price.
Before the purchase Festi held 5.645.407 shares or 1.70% of issued shares. Festi today holds 7.795.407 shares or 2.34% of issued shares.
The execution the buy-back programme is in accordance with Chapter VIII of the Company Act 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., (eggert@festi.is) and Magnús Kr. Ingason, CFO of Festi hf. (mki@festi.is).
