Festi hf.: Buyback program week 41
October 16 2023 - 4:06AM
Festi hf.: Buyback program week 41
In week 41 2023, Festi purchased in total 300,000 own shares for
total amount of 54,192,500 ISK as follows:
|
Week |
Date |
Time |
Purchased shares |
Share price |
Purchase price |
|
41 |
9.okt |
14:11:43 |
70.000 |
180,25 |
12.617.500 |
|
41 |
10.okt |
10:44:15 |
30.000 |
181,5 |
5.445.000 |
|
41 |
11.okt |
13:30:18 |
70.000 |
180 |
12.600.000 |
|
41 |
12.okt |
14:53:46 |
70.000 |
181 |
12.670.000 |
|
41 |
13.okt |
12:15:46 |
60.000 |
181 |
10.860.000 |
|
|
|
|
300.000 |
|
54.192.500 |
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 9,703,286 own shares or
3.11% of issued shares. Festi has now bought in total
2,003,286 own shares for 373,775,645 ISK and holds today
10,003,286 own shares or 3.20% 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.
Reference is made to Festi announcement regarding reduction of
the Company´s share capital which was published on October 12,
2023. The reduction will be carried out today.
For further information contact Magnús Kr. Ingason, CFO of Festi
hf. (mki@festi.is).
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