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Festi hf.: Buy-back programme week 45

Written by Customer Service on . Posted in Public Companies.

In week 45 Festi purchased in total 750.000 own shares for total amount of 114.093.750 ISK as follows: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 own shares or 1.70% of issued shares. Festi has now bought in total 3.650.000 own shares for 551.256.250 ISK and holds today 9.295.407 own shares or 2.79% 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 Magnús Kr. Ingason, CFO of Festi hf. (mki@festi.is).

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