Festi hf.: Buyback program week 45
In week 45 2023, Festi purchased in total 292,934 own shares for total amount of 53,683,389 ISK as follows:
| Week | Date | Time | Purchased shares | Share price | Purchase price |
| 45 | 6.nov | 12:01:28 | 70.000 | 184 | 12.880.000 |
| 45 | 7.nov | 13:28:31 | 70.000 | 182,5 | 12.775.000 |
| 45 | 8.nov | 14:08:01 | 70.000 | 183 | 12.810.000 |
| 45 | 9.nov | 15:24:59 | 47.634 | 183,5 | 8.740.839 |
| 45 | 10.nov | 12:04:32 | 35.300 | 183,5 | 6.477.550 |
| 292.934 | 53.683.389 |
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 2,554,032 own shares or 0.84% of issued shares. Festi has now bought in total 2,846,966 own shares for 527,760,925 ISK and holds today 2,846,966 own shares or 0.93% 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 1.15% 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).
