Festi hf.: Buy-back programme week 4
In week 4 2022 Festi purchased in total 740,000 own shares for total amount of 170,470,000 ISK as follows:
| Week | Date | Time | Purchased shares | Price | Purchase price | Total shares bought | Total puchase price |
| 4 | 24.1.2022 | 09:34:49 | 135.000 | 231 | 31.185.000 | 3.467.000 | 791.083.860 |
| 4 | 24.1.2022 | 10:38:58 | 65.000 | 230 | 14.950.000 | 3.532.000 | 806.033.860 |
| 4 | 25.1.2022 | 10:18:44 | 135.000 | 228 | 30.780.000 | 3.667.000 | 836.813.860 |
| 4 | 26.1.2022 | 11:13:03 | 135.000 | 232 | 31.320.000 | 3.802.000 | 868.133.860 |
| 4 | 27.1.2022 | 09:52:47 | 135.000 | 231 | 31.185.000 | 3.937.000 | 899.318.860 |
| 4 | 28.1.2022 | 14:04:38 | 135.000 | 230 | 31.050.000 | 4.072.000 | 930.368.860 |
| 740.000 | 170.470.000 |
Before the purchase Festi held 6,000,000 own shares or 1.85% of issued shares. Festi has now bought in total 4,072,000 own shares for 930,368,860 ISK and holds today 10,072,000 own shares or 3.11% 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).
