Festi hf.: Capital Increase Due to Exercise of Share Option Agreements

Group 1 - The Festi Group's employee share option plan, approved on March 6, 2024, resulted in the exercise of 1,048,552 share options at an exercise price of ISK 187 per share, totaling ISK 196,079,224 [1] - The Board of Directors has authorized an increase in the company's share capital by 1,048,552 shares to fulfill obligations under the share option agreements, raising the total nominal value to ISK 312,548,552 [2] - The new shares will be registered with the Icelandic Company Registration and will be listed on the Main Market of Nasdaq Iceland [3]