In week 44 Festi purchased in total 750.000 own shares for total amount of 114.637.500 ISK as follows:
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This announcement of purchase of own shares is in accordance with the buy-back programme announced 4 October 2020 to Nasdaq OMX Iceland. The programme envisages the buy-back of a total of 4.000.000 own shares or 1.2% of the issued shares, with the cap of 600 million ISK purchase price.
Before the purchase Festi held 5.645.407 own shares or 1.70% of issued shares. Festi has now bought in total 2.900.000 own shares for 437.162.500 ISK and holds today 8.545.407 own shares or 2.57% of issued shares.
The execution the buy-back programme is in accordance with Chapter VIII of the Company Act No 2/1995 and annex II to the Regulation on insider information and market abuse No 630/2005.
For further information contact Magnús Kr. Ingason, CFO of Festi hf. (firstname.lastname@example.org).