Festi hf.: Buyback program week 42
23 10월 2023 - 6:00PM
Festi hf.: Buyback program week 42
In week 42 2023, Festi purchased in total 280,000 own shares for
total amount of 50,645,000 ISK as follows:
Week |
Date |
Time |
Purchased shares |
Share price |
Purchase price |
42 |
16.oct |
13:25:57 |
70.000 |
180 |
12.600.000 |
42 |
17.oct |
13:11:59 |
70.000 |
180 |
12.600.000 |
42 |
18.oct |
13:42:34 |
30.000 |
179,5 |
5.385.000 |
42 |
18.oct |
13:55:14 |
40.000 |
179,5 |
7.180.000 |
42 |
19.oct |
13:53:51 |
70.000 |
184 |
12.880.000 |
|
|
|
280.000 |
|
50.645.000 |
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.
In accordance with the reduction of the Company´s share capital,
Festi held 2,003,286 own shares or 0.66% of issued shares
before the purchase. Festi has now bought in total 2,283,286
own shares for 424,420,645 ISK and holds today 2,283,286 own
shares or 0.75% 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. (mki@festi.is).
N1 Hf (LSE:0QIS)
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