Festi: Transactions in relation to a share buy-bac
Post# of 35790
Buy-back of shares in Festi amounted to 2.157.876 shares in week 10 2020:
| Week | Date | Time | Number of shares | Share price | Purchase price | Purchased shares |
| hlutir | ||||||
| 10 | 03.03.2020 | 10:01 | 539.469,00 | 127,5 | 68.782.298 | 539.469,00 |
| 10 | 04.03.2020 | 15:01 | 539.469,00 | 127 | 68.512.563 | 1.078.938,00 |
| 10 | 05.03.2020 | 10:35 | 539.469,00 | 123 | 66.354.687 | 1.618.407,00 |
| 10 | 06.03.2020 | 09:46 | 539.469,00 | 118 | 63.657.342 | 2.157.876,00 |
This announcement of purchase of own shares is in accordance with Festi‘s buy-back programme announced by notice to Nasdaq OMX Iceland on 2 March 2020.
Prior to the transactions Festi held 1,000,000 of own shares or 0,3% and holds 3,157,876 shares or 0,96% of own shares after the transactions. The maximum of the buy-back is 5,000,000 shares or 1,5% of issued shares. The buy-back programme is in force until 23 March 2020 which is the date for the Annual General Meeting of the company.
The buy-back programme is carried out in accordance with Chapter VIII of the Act on limited liability companies No. 2/1995 and Annex II to the Regulation on insider information and market abuse No. 630/2005.
For further information contact Eggert Þór Kristófersson, CEO of Festi hf., ( eggert@festi.is )
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