Festi hf.: Buy-back programme week 27
In week 27 2022 Festi purchased in total 700,000 own shares for total amount of 149,025,000 ISK as follows:
| Week | Date | Time | Purchased shares | Price | Purchase price | Total shares bought | Total puchase price |
| 27 | 27.6.2022 | 14:30:40 | 75.000 | 216 | 16.200.000 | 300.000 | 62.000.000 |
| 27 | 27.6.2022 | 15:01:28 | 50.000 | 215 | 10.750.000 | 350.000 | 72.750.000 |
| 27 | 27.6.2022 | 15:20:33 | 75.000 | 214 | 16.050.000 | 425.000 | 88.800.000 |
| 27 | 28.6.2022 | 13:03:25 | 75.000 | 216 | 16.200.000 | 500.000 | 105.000.000 |
| 27 | 28.6.2022 | 15:25:01 | 50.000 | 215 | 10.750.000 | 550.000 | 115.750.000 |
| 27 | 29.6.2022 | 11:15:53 | 75.000 | 212 | 15.900.000 | 625.000 | 131.650.000 |
| 27 | 29.6.2022 | 14:06:53 | 50.000 | 212 | 10.600.000 | 675.000 | 142.250.000 |
| 27 | 29.6.2022 | 15:21:16 | 50.000 | 212 | 10.600.000 | 725.000 | 152.850.000 |
| 27 | 30.6.2022 | 13:51:35 | 75.000 | 211 | 15.825.000 | 800.000 | 168.675.000 |
| 27 | 30.6.2022 | 14:34:07 | 75.000 | 210 | 15.750.000 | 875.000 | 184.425.000 |
| 27 | 30.6.2022 | 15:17:50 | 50.000 | 208 | 10.400.000 | 925.000 | 194.825.000 |
| 700.000 | 149.025.000 |
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.
Before the purchase Festi held no shares in the company. Festi has now bought in total 925,000 own shares for 194,825.000 ISK and holds today 925,000 own shares or 0.30% of issued shares.This announcement of purchase of own shares is in accordance with the buy-back programme announced 21 June 2022 to Nasdaq OMX Iceland. The programme envisages the buy-back of a total of 5,000,000 own shares or 1.60% of the issued shares, with the cap of 1,150 million ISK purchase price.
For further information contact Magnús Kr. Ingason, CFO of Festi hf. (mki@festi.is).
