In week 25, Festi purchased in total 1.250.000 own shares for total amount of 250.250.000 ISK as follows:
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This announcement of purchase of own shares is in accordance with the buy-back programme announced 20 June 2021 to Nasdaq OMX Iceland. The programme envisages the buy-back of a total of 2.090.623 own shares or 0,65% of the issued shares, with the cap of 430 million ISK purchase price.
Before the purchase Festi held 409,376 own shares or 0.13% of issued shares. Festi has now bought in total 1.250.000 own shares for 250.250.000 ISK and holds today 1.659.376 own shares or 0.51% 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. ([email protected]).