Festi hf.: Buyback program week 37
18 Septembre 2023 - 11:00AM
Festi hf.: Buyback program week 37
In week 37 2023, Festi purchased in total 85,995 own shares for
total amount of 15,397,110 ISK as follows:
Week |
Date |
Time |
Purchased shares |
Share price |
Purchase price |
37 |
11.sep |
10:14:11 |
30.000 |
180 |
5.400.000 |
37 |
12.sep |
14:47:42 |
30.000 |
179 |
5.370.000 |
37 |
15.sep |
15:29:30 |
25.995 |
178 |
4.627.110 |
|
|
|
85.995 |
|
15.397.110 |
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 9,189,673 own shares or
2.94% of issued shares. Festi has now bought in total
1,275,668 own shares for 242,662,037 ISK and holds today
9,275,668 own shares or 2.97% 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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