Festi hf.: Buy-back programme week 43




  • In Business
  • 2020-10-24 16:18:00Z
  • By GlobeNewswire
Festi hf.: Buy-back programme week 43
Festi hf.: Buy-back programme week 43  

In week 43 Festi purchased in total 750.000 shares:

Purchased

Purchase

Own shares total

Week

Date

Time

shares

Share price

price

at end of day

43

19.10.2020

09:44:51

150.000

149,75

22.462.500 kr

7.195.407

43

20.10.2020

09:45:58

150.000

153,25

22.987.500 kr

7.345.407

43

21.10.2020

09:54:24

150.000

154,00

23.100.000 kr

7.495.407

43

22.10.2020

09:43:17

150.000

155,00

23.250.000 kr

7.645.407

43

23.10.2020

09:45:31

150.000

155,00

23.250.000 kr

7.795.407

750.000

115.050.000 kr

This announcement of purchase of own shares is in accordance with the buy-back programme announced 4 October 2020 to Nasdaq OMX Iceland. The programme envisages the buy-back of a total of 4.000.000 own shares or 1.2% of the issued shares, with the cap of 600 million ISK purchase price.

Before the purchase Festi held 5.645.407 shares or 1.70% of issued shares. Festi today holds 7.795.407 shares or 2.34% of issued shares.

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.

For further information contact Eggert Þór Kristófersson, CEO of Festi hf., (eggert@festi.is) and Magnús Kr. Ingason, CFO of Festi hf. (mki@festi.is).



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