Festi hf.: Buy-back programme week 51
In week 51 Festi purchased in total 507,000 own shares for total amount of 112,383,000 ISK as follows:
| Week | Date | Time | Purchased shares | Price | Purchase price | Total shares bought |
| 51 | 20.12.2021 | 13:25:56 | 102.000 | 219,000 | 22.338.000 | 707.000 |
| 51 | 21.12.2021 | 15:05:04 | 135.000 | 220,000 | 29.700.000 | 842.000 |
| 51 | 22.12.2021 | 14:48:08 | 135.000 | 224,000 | 30.240.000 | 977.000 |
| 51 | 23.12.2021 | 11:49:49 | 135.000 | 223,000 | 30.105.000 | 1.112.000 |
| 507.000 | 112.383.000 | 1.112.000 |
Before the purchase Festi held 6,000,000 own shares or 1.85% of issued shares. Festi has now bought in total 1,112,000 own shares for 246,828,000 ISK and holds today 7,112,000 own shares or 2.20% 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).
