Festi hf.: Buyback program week 40
In week 40 2023, Festi purchased in total 165,500 own shares for total amount of 29,852,750 ISK as follows:
| Week | Date | Time | Purchased shares | Share price | Purchase price |
| 40 | 2.okt | 11:22:29 | 2.000 | 180,5 | 361.000 |
| 40 | 2.okt | 13:11:14 | 3.500 | 180,5 | 631.750 |
| 40 | 3.okt | 11:40:31 | 8.500 | 181 | 1.538.500 |
| 40 | 3.okt | 13:50:10 | 1.000 | 181 | 181.000 |
| 40 | 3.okt | 15:03:04 | 20.500 | 181 | 3.710.500 |
| 40 | 4.okt | 13:48:30 | 3.014 | 180,5 | 544.027 |
| 40 | 4.okt | 13:49:40 | 3.014 | 180,5 | 544.027 |
| 40 | 4.okt | 14:49:08 | 23.972 | 180,5 | 4.326.946 |
| 40 | 5.okt | 14:09:58 | 70.000 | 180 | 12.600.000 |
| 40 | 6.okt | 13:13:25 | 10.000 | 180,5 | 1.805.000 |
| 40 | 6.okt | 14:33:29 | 20.000 | 180,5 | 3.610.000 |
| 165.500 | 29.852.750 |
The execution of the buyback program is in accordance with the Act on Public Limited Companies No 2/1995, Article 5 of the Regulation of the European parliament and of the Council No. 596/2014, on market abuse, the Commissions Delegated Regulation No. 2016/1052 and the Act on Actions against Market Fraud No. 60/2021.
Before the purchase Festi held 9,537,786 own shares or 3.05% of issued shares. Festi has now bought in total 1,703,286 own shares for 319,583,145 ISK and holds today 9,703,286 own shares or 3.11% of issued shares. This announcement of purchase of own shares is in accordance with the buyback program announced 21 July 2023 to Nasdaq OMX Iceland. The program envisages the buyback of a total of 3,500,000 own shares or 1.12% of the issued shares, with the cap of 600 million ISK purchase price.
For further information contact Magnús Kr. Ingason, CFO of Festi hf. (mki@festi.is).
