Festi hf.: Buyback program week 38
In week 38 2023, Festi purchased in total 130,000 own shares for total amount of 23,320,000 ISK as follows:
| Week | Date | Time | Purchased shares | Share price | Purchase price |
| 38 | 19.sep | 14:16:19 | 70.000 | 179,5 | 12.565.000 |
| 38 | 20.sep | 13:55:36 | 30.000 | 179,5 | 5.385.000 |
| 38 | 21.sep | 11:08:26 | 15.000 | 179 | 2.685.000 |
| 38 | 21.sep | 14:53:42 | 15.000 | 179 | 2.685.000 |
| 130.000 | 23.320.000 |
The execution of the buyback program is in accordance with the Act on Public Limited Companies No 2/1995, Article 5 of the Regulation of the European parliament and of the Council No. 596/2014, on market abuse, the Commissions Delegated Regulation No. 2016/1052 and the Act on Actions against Market Fraud No. 60/2021.
Before the purchase Festi held 9,275,668 own shares or 2.97% of issued shares. Festi has now bought in total 1,405,668 own shares for 265,982,037 ISK and holds today 9,405,668 own shares or 3.01% of issued shares. This announcement of purchase of own shares is in accordance with the buyback program announced 21 July 2023 to Nasdaq OMX Iceland. The program envisages the buyback of a total of 3,500,000 own shares or 1.12% of the issued shares, with the cap of 600 million ISK purchase price.
For further information contact Magnús Kr. Ingason, CFO of Festi hf. (mki@festi.is).
