Festi: Buy-back programme week 42Source: OMX
In week 42 Festi purchased in total 750.000 shares:
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This announcement of purchase of own shares is in accordance with the buy-back programme announced 4 October 2020 to Nasdaq OMX Iceland. The programme envisages the buy-back of a total of 4.000.000 own shares or 1.2% of the issued shares, with the cap of 600 million ISK purchase price.
Before the purchase Festi held 5.645.407 shares or 1.70% of issued shares. Festi today holds 7.045.407 shares or 2.12% 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.