Summary of Key Points Core Viewpoint - Festi has executed a buyback program, purchasing a total of 165,000 own shares for 49,305,000 ISK in week 34 of 2025, in compliance with relevant regulations [1][2]. Group 1: Buyback Program Details - The total number of shares purchased by Festi now amounts to 1,315,000, with a total expenditure of 393,075,000 ISK [2]. - Following the recent purchases, Festi holds 1,561,226 own shares, representing 0.5% of the issued shares [2]. - The buyback program was initially announced on June 27, 2025, and 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]. Group 2: Compliance and Regulations - The execution of the buyback program adheres to the Act on Public Limited Companies No 2/1995 and the Regulation of the European Parliament and of the Council No. 596/2014 concerning market abuse [1]. - Additional compliance is ensured with the Commissions Delegated Regulation No. 2016/1052 and the Act on Actions against Market Fraud No. 60/2021 [1].
Festi hf.: Buyback program week 34
Globenewswireยท2025-08-25 08:30