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Festi: Buy-back in week 11

Written by Customer Service on . Posted in Public Companies.

Buy-back of shares in Festi amounted to 2.157.876 shares in week 11 2020:This announcement of purchase of own shares is in accordance with Festi‘s buy-back programme announced by notice to Nasdaq OMX Iceland on 2 March 2020.  Prior to the transactions Festi held 3,157,876 of own shares or 0,96% and holds 4,315,752 shares or 1,31% of own shares after the transactions. The maximum of the buy-back is 5,000,000 shares or 1,5% of issued shares. The buy-back programme is in force until 23 March 2020 which is the date for the Annual General Meeting of the company.The buy-back programme is carried out in accordance with Chapter VIII of the Act on limited liability companies 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)

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