Festi hf.: Buyback program week 35
04 Septembre 2023 - 11:00AM
Festi hf.: Buyback program week 35
In week 35 2023, Festi purchased in total 48,860 own shares for
total amount of 9,145,032 ISK as follows:
Week |
Date |
Time |
Purchased shares |
Share price |
Purchase price |
35 |
30.ágú |
12:23:54 |
432 |
186,5 |
80.568 |
35 |
31.ágú |
15:17:29 |
40.000 |
187 |
7.480.000 |
35 |
1.sep |
10:19:01 |
3.060 |
188 |
575.280 |
35 |
1.sep |
13:22:17 |
990 |
188 |
186.120 |
35 |
1.sep |
15:29:31 |
4.378 |
188 |
823.064 |
|
|
|
48.860 |
|
9.145.032 |
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 8,910,813 own shares or
2.85% of issued shares. Festi has now bought in total 959,673
own shares for 184,909,927 ISK and holds today 8,959,673 own
shares or 2.87% 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 1.12%
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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