Workflow
Festi hf.: Buyback program week 33
Globenewswireยท2025-08-18 08:30

Summary of Key Points Core Viewpoint - Festi has actively engaged in a share buyback program, purchasing a total of 170,000 own shares for 50,990,000 ISK in week 33 of 2025, which aligns with their previously announced buyback strategy [1][2]. Group 1: Share Buyback Details - In week 33 of 2025, Festi purchased 170,000 shares at an average price of approximately 299.35 ISK per share, totaling 50,990,000 ISK [1]. - The buyback program is in compliance with relevant regulations, including the Act on Public Limited Companies and the Regulation of the European Parliament on market abuse [1]. - Prior to this purchase, Festi held 1,226,226 shares, representing 0.39% of issued shares, and after the buyback, the total shares held increased to 1,396,226, or 0.45% of issued shares [2]. Group 2: Buyback Program Overview - The buyback program, announced on June 27, 2025, aims to repurchase a total of 2,500,000 shares, which is 0.80% of the issued shares, with a maximum purchase price cap of 800 million ISK [2]. - To date, Festi has repurchased a total of 1,150,000 shares for 343,770,000 ISK under this program [2].