Core Points - Festi has executed a buyback program, purchasing a total of 140,000 own shares for 42,700,000 ISK in week 31 of 2025 [1] - Prior to the recent purchases, Festi held 926,226 own shares, representing 0.30% of issued shares, and after the buyback, it now holds 1,066,226 own shares, or 0.34% 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 cap of 800 million ISK [2] Purchase Details - The buyback transactions occurred on three separate dates: - 35,000 shares were purchased on July 28, 2025, at a share price of 305 ISK, totaling 10,675,000 ISK [1] - 65,000 shares were purchased on July 30, 2025, at the same share price, totaling 19,825,000 ISK [1] - 40,000 shares were purchased on July 31, 2025, again at 305 ISK, totaling 12,200,000 ISK [1] - The total number of shares purchased during this buyback program now stands at 820,000 shares for a total expenditure of 244,640,000 ISK [2]
Festi hf.: Buyback program week 31
Globenewswireยท2025-08-04 12:50