Core Points - Festi has executed a buyback program, purchasing a total of 140,000 own shares for 42,740,000 ISK in week 38 of 2025 [1] - Prior to the recent purchases, Festi held 2,031,226 own shares, representing 0.65% of issued shares, and after the buyback, it now holds 2,171,226 own shares, or 0.69% of issued shares [2] - The buyback program was announced on June 27, 2025, and aims to repurchase a total of 2,500,000 own shares, with a maximum purchase price of 800 million ISK [2] Purchase Details - The buyback included purchases on specific dates: - 40,000 shares on September 15, 2025, at a price of 307 ISK per share, totaling 12,280,000 ISK - 40,000 shares on September 16, 2025, at the same price, totaling another 12,280,000 ISK - 30,000 shares on September 17, 2025, at 303 ISK per share, totaling 9,090,000 ISK - 30,000 shares on September 18, 2025, at the same price, totaling another 9,090,000 ISK [1] Regulatory Compliance - The execution of the buyback program complies with the Act on Public Limited Companies No 2/1995, the Regulation of the European Parliament and of the Council No. 596/2014 on market abuse, and other relevant regulations [1]
Festi hf.: Buyback program week 38
Globenewswire·2025-09-22 08:53