Festi hf.: Buy-back programme week 2
In week 2 2022 Festi purchased in total 805,000 own shares for total amount of 186,000,860 ISK as follows:
| Week | Date | Time | Purchased shares | Price | Purchase price | Total shares bought | Total puchase price |
| 2 | 10.1.2022 | 10:55:52 | 135.000 | 232 | 31.320.000 | 2.122.000 | 478.723.000 |
| 2 | 10.1.2022 | 14:52:20 | 20.430 | 232 | 4.739.760 | 2.142.430 | 483.462.760 |
| 2 | 10.1.2022 | 15:17:19 | 44.570 | 230 | 10.251.100 | 2.187.000 | 493.713.860 |
| 2 | 11.1.2022 | 12:30:01 | 135.000 | 230 | 31.050.000 | 2.322.000 | 524.763.860 |
| 2 | 12.1.2022 | 10:00:41 | 135.000 | 230 | 31.050.000 | 2.457.000 | 555.813.860 |
| 2 | 13.1.2022 | 10:25:43 | 135.000 | 232 | 31.320.000 | 2.592.000 | 587.133.860 |
| 2 | 13.1.2022 | 10:29:57 | 65.000 | 230 | 14.950.000 | 2.657.000 | 602.083.860 |
| 2 | 14.1.2022 | 09:48:49 | 135.000 | 232 | 31.320.000 | 2.792.000 | 633.403.860 |
| 805.000 | 186.000.860 |
Before the purchase Festi held 6,000,000 own shares or 1.85% of issued shares. Festi has now bought in total 2,792,000 own shares for 633,403,860 ISK and holds today 8,792,000 own shares or 2.72% 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).
