Festi hf.: Buyback program week 45

    Festi hf.: Buyback program week 45 

In week 45 2023, Festi purchased in total 292,934 own shares for total amount of 53,683,389 ISK as follows:

Week	Date	Time	Purchased shares	Share price	Purchase price
45	6.nov	12:01:28	70.000	184	12.880.000
45	7.nov	13:28:31	70.000	182,5	12.775.000
45	8.nov	14:08:01	70.000	183	12.810.000
45	9.nov	15:24:59	47.634	183,5	8.740.839
45	10.nov	12:04:32	35.300	183,5	6.477.550
			292.934		53.683.389

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 2,554,032 own shares or 0.84% of issued shares. Festi has now bought in total 2,846,966 own shares for 527,760,925 ISK and holds today 2,846,966 own shares or 0.93% 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. ([e-mail]).