Festi hf.: Buy-back programme week 50
In week 50 Festi purchased in total 605,000 own shares for total amount of 134,445,000 ISK as follows:
| Week | Date | Time | Purchased shares | Price | Purchase price | Total shares bought |
| 50 | 14.12.2021 | 09:35:47 | 135.000 | 224,000 | 30.240.000 | 135.000 |
| 50 | 14.12.2021 | 11:26:10 | 65.000 | 222,000 | 14.430.000 | 200.000 |
| 50 | 15.12.2021 | 10:23:50 | 135.000 | 221,000 | 29.835.000 | 335.000 |
| 50 | 16.12.2021 | 10:08:55 | 100.000 | 222,000 | 22.200.000 | 435.000 |
| 50 | 16.12.2021 | 15:25:42 | 35.000 | 222,000 | 7.770.000 | 470.000 |
| 50 | 17.12.2021 | 09:44:14 | 135.000 | 222,000 | 29.970.000 | 605.000 |
| 605.000 | 134.445.000 | 605.000 |
Before the purchase Festi held 6,000,000 own shares or 1.85% of issued shares. Festi has now bought in total 605,000 own shares for 134,445,000 ISK and holds today 6,605,000 own shares or 2.04% of issued shares.This announcement of purchase of own shares is in accordance with the buy-back programme announced 14 December 2021 to Nasdaq OMX Iceland. The programme envisages the buy-back of a total of 5,000,000 own shares or 1.55% of the issued shares, with the cap of 1,200 million ISK purchase price.
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 Magnús Kr. Ingason, CFO of Festi hf. (mki@festi.is).
