Festi – Buyback of shares

Written by Customer Service on . Posted in Public Companies.

Purchase of own shares by reverse offer in accordance with General Shareholders‘ Meeting resolution of 21 March 2019The Board of Directors of Festi hf. has decided to launch a purchase of own shares amounting to a maximum of 2% of the outstanding shares. The Purchase price shall not exceed the higher of (i) the share price of the latest independent trade and (ii) the highest current independent bid where the shares a registered for trading, which ever is higher.The company has concluded an agreement with the securities dealer Íslenskir fjárfestar hf. to oversee the buyback in the form of a reverse offer. All shareholders of Festi hf. are eligible to submit offers for purchase of their shares to Íslenskir fjárfestar hf.The offers shall be submitted to Íslenskir fjárfestar to the e-mail address markadir@fjarfestar.is or by phone +354 532-8000 before 18:00 GMT Sunday 10 November 2019.The results will be announced in the news distribution system of Nasdaq OMX Iceland before 09:00 GMT Monday 11 November 2019.Day of closing is 15 November 2019.Festi publishes its Q3 results 6 November 2019.The buyback is conducted in accordance with the Company Act No 2/1995 and the Act on Securities and Markets No 103/2007.For further information contactEggert Þór Kristófersson, CEOeggert@festi.is

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.