Festi hf.: Buy-back programme week 1
In week 1 2022 Festi purchased in total 605,000 own shares for total amount of 139,150,000 ISK as follows:
| Week | Date | Time | Purchased shares | Price | Purchase price | Total shares bought | Total puchase price |
| 1 | 4.1.2022 | 09:47:36 | 135.000 | 228 | 30.780.000 | 1.517.000 | 339.033.000 |
| 1 | 5.1.2022 | 10:24:23 | 135.000 | 232 | 31.320.000 | 1.652.000 | 370.353.000 |
| 1 | 5.1.2022 | 11:53:53 | 65.000 | 230 | 14.950.000 | 1.717.000 | 385.303.000 |
| 1 | 6.1.2022 | 11:11:59 | 135.000 | 229 | 30.915.000 | 1.852.000 | 416.218.000 |
| 1 | 7.1.2022 | 11:50:42 | 135.000 | 231 | 31.185.000 | 1.987.000 | 447.403.000 |
| 605.000 | 139.150.000 |
Before the purchase Festi held 6,000,000 own shares or 1.85% of issued shares. Festi has now bought in total 1,987,000 own shares for 447,403,000 ISK and holds today 7,987,000 own shares or 2.47% 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).
