Festi hf.: Buyback program week 46
20 November 2023 - 10:00AM
Festi hf.: Buyback program week 46
In week 46 2023, Festi purchased in total 170,000 own shares for
total amount of 30,872,500 ISK as follows:
|
Week |
Date |
Time |
Purchased shares |
Share price |
Purchase price |
|
46 |
13.nov |
13:14:48 |
70.000 |
182,5 |
12.775.000 |
|
46 |
14.nov |
10:42:47 |
30.000 |
181,5 |
5.445.000 |
|
46 |
17.nov |
13:02:35 |
70.000 |
180,75 |
12.652.500 |
|
|
|
|
170.000 |
|
30.872.500 |
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 2,846,966 own shares or
0.93% of issued shares. Festi has now bought in total
3,016,966 own shares for 558,633,425 ISK and holds today
3,016,966 own shares or 0.99% 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).
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