Festi hf.: Buyback program week 43
30 Outubro 2023 - 6:00AM
Festi hf.: Buyback program week 43
In week 43 2023, Festi purchased in total 30,000 own shares for
total amount of 5,460,000 ISK as follows:
Week |
Date |
Time |
Purchased shares |
Share price |
Purchase price |
43 |
25.oct |
10:13:09 |
30.000 |
182 |
5.460.000 |
|
|
|
30.000 |
|
5.460.000 |
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 2,283,286 own shares or
0.75% of issued shares. Festi has now bought in total
2,313,286 own shares for 429,880,645 ISK and holds today
2,313,286 own shares or 0.76% 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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