Core Points - Festi has executed a buyback program, purchasing a total of 170,000 own shares for 50,890,000 ISK in week 29 of 2025 [1] - Prior to the recent purchases, Festi held 561,226 own shares, representing 0.18% of issued shares, and after the buyback, it now holds 731,226 own shares, or 0.23% of issued shares [2] - The buyback program aims to repurchase a total of 2,500,000 own shares, which is 0.80% of the issued shares, with a maximum purchase price of 800 million ISK [2] Purchase Details - The buyback included three transactions: - 50,000 shares at a price of 297 ISK on July 14, 2025, totaling 14,850,000 ISK - 70,000 shares at a price of 297 ISK on July 16, 2025, totaling 20,790,000 ISK - 50,000 shares at a price of 305 ISK on July 17, 2025, totaling 15,250,000 ISK [1] - The total number of shares purchased during this buyback program is 485,000, amounting to 142,165,000 ISK [2]
Festi hf.: Buyback program week 29
Globenewswireยท2025-07-21 08:30