Festi hf.: Reduction in share capital
13 10월 2023 - 1:16AM
Festi hf.: Reduction in share capital
At the shareholder´s meeting of Festi on August
23, 2023, a reduction in the Company's share capital was approved.
The reduction amounts to ISK 8,000,000 nominal value, or as many
shares. The reduction applies to shares that the Company acquired
through the purchase of own shares according to a buy-back
programme approved on the Company´s annual general meeting in 2022
in accordance with Article 55 of Act no. 2/1995 on public limited
companies.
The share capital reduction has now been
registered by the Register of Enterprises. After the reduction, the
Company's share capital is ISK 304,500,000, which is divided into
as many shares, each with a nominal value of ISK 1 and one vote for
each share in the Company. A request has been sent to Nasdaq CSD
and the reduction will be carried out on Monday October 16, 2023.
The Company´s share capital therefore reduces from ISK 312,500,000
to ISK 304,500,000. After the reduction Festi owns total 1,703,286
own shares.
For further information, please contact Magnús
Kr. Ingason, CFO of Festi hf. (mki@festi.is).
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