2023-01-30 09:35:00 CET

2023-01-30 09:35:00 CET


English Islandic
Festi hf. - Changes in company's own shares

Festi hf.: Buy-back programme week 4

In week 4 2023, Festi purchased in total 315,000 own shares for total amount of 56,080,000 ISK as follows:

WeekDateTimePurchased sharesPricePurchase priceTotal shares boughtTotal puchase price
   315.000 56.080.000  

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 5,000,000 own shares or 1.60% of issued shares. Festi has now bought in total 893,500 own shares for 161,554,000 ISK and holds today 5,893,500 own shares or 1.89% of issued shares.This announcement of purchase of own shares is in accordance with the buy-back programme announced 6 January 2023 to Nasdaq OMX Iceland. The programme envisages the buy-back of a total of 3,000,000 own shares or 0.96% of the issued shares, with the cap of 650 million ISK purchase price.

For further information contact Magnús Kr. Ingason, CFO of Festi hf. (mki@festi.is).