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2023-03-20 09:35:00 CET 2023-03-20 09:35:00 CET REGULATED INFORMATION Festi hf. - Changes in company's own sharesFesti hf.: Buy-back programme week 11In week 11 2023, Festi purchased in total 260,000 own shares for total amount of 45,155,000 ISK as follows:
The execution of the buy-back programme is in accordance with Chapter VIII of the Company Act No 2/1995, Article 5 of the Regulation of the European parliament and of the Council (EU) on Market Fraud No. 60/2021, the Commissions Delegated Regulation No. 2016/1052 and the Act on Actions against Market Fraud No. 60/2021. Before the purchase Festi held 5,000,000 own shares or 1.60% of issued shares. Festi has now bought in total 2,828,550 own shares for 502,602,300 ISK and holds today 7,828,550 own shares or 2.51% 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). |
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