Festi hf.: Buyback program week 41

In week 41 2023, Festi purchased in total 300,000 own shares for total amount of 54,192,500 ISK as follows:

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.

Before the purchase Festi held 9,703,286 own shares or 3.11% of issued shares. Festi has now bought in total 2,003,286 own shares for 373,775,645 ISK and holds today 10,003,286 own shares or 3.20% 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 1.12% of the issued shares, with the cap of 600 million ISK purchase price.

Reference is made to Festi announcement regarding reduction of the Company´s share capital which was published on October 12, 2023. The reduction will be carried out today.

For further information contact Magnús Kr. Ingason, CFO of Festi hf. (mki@festi.is).