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Festi: Buy-back programme week 41

Written by Customer Service on . Posted in Public Companies.


This announcement of purchase of own shares is in accordance with the buy-back programme announced 4 October 2020 to Nasdaq OMX Iceland. The programme envisages the buy-back of a total of 4.000.000 own shares or 1,2% of the issued shares, with the cap of 600 million ISK purchase price.Before the purchase Festi held 5.645.407  shares or 1,70 % of issued shares. Festi today holds 6.295.407 shares or 1,89 % of issued shares.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 Eggert Þór Kristófersson, CEO of Festi hf., (eggert@festi.is) and Magnús K. Ingason, CFO of Festi hf. (mki@festi.is).

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