Festi hf.: Buyback program week 48 – end of buyback
01 Dezembro 2023 - 12:58PM
Festi hf.: Buyback program week 48 – end of buyback
In week 48 2023, Festi purchased in total 19,260 own shares for
total amount of 3,409,020 ISK as follows:
|
Week |
Date |
Time |
Purchased share |
Sahre price |
Purchase price |
|
48 |
29.nov |
11:51:24 |
19.260 |
177 |
3.409.020 |
|
|
|
|
19.260 |
|
3.409.020 |
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 3,226,966 own shares or
1.06% of issued shares. Festi has now bought in total
3,246,226 own shares (1.07% of issued shares) for 599,999,945
ISK and has finished the buyback. 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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