Festi hf.: Buyback program week 38
25 9월 2023 - 6:00PM
Festi hf.: Buyback program week 38
In week 38 2023, Festi purchased in total 130,000 own shares for
total amount of 23,320,000 ISK as follows:
Week |
Date |
Time |
Purchased shares |
Share price |
Purchase price |
38 |
19.sep |
14:16:19 |
70.000 |
179,5 |
12.565.000 |
38 |
20.sep |
13:55:36 |
30.000 |
179,5 |
5.385.000 |
38 |
21.sep |
11:08:26 |
15.000 |
179 |
2.685.000 |
38 |
21.sep |
14:53:42 |
15.000 |
179 |
2.685.000 |
|
|
|
130.000 |
|
23.320.000 |
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 9,275,668 own shares or
2.97% of issued shares. Festi has now bought in total
1,405,668 own shares for 265,982,037 ISK and holds today
9,405,668 own shares or 3.01% 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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