Core Viewpoint - Festi has executed a share buyback program, purchasing a total of 160,000 own shares for 48,740,000 ISK in week 40 of 2025, increasing its ownership from 0.74% to 0.79% of issued shares [1][2]. Group 1: Share Buyback Details - In week 40 of 2025, Festi purchased 160,000 shares at an average price of approximately 304 ISK per share, totaling 48,740,000 ISK [1]. - Prior to the recent purchases, Festi held 2,306,226 shares, which represented 0.74% of the issued shares [2]. - After the buyback, Festi now holds 2,466,226 shares, which is 0.79% of the issued shares [2]. Group 2: Buyback Program Overview - The buyback program was announced on June 27, 2025, and aims to repurchase a total of 2,500,000 shares, or 0.80% of the issued shares, with a maximum purchase price of 800 million ISK [2]. - To date, Festi has repurchased a total of 2,220,000 shares for 667,500,000 ISK under this program [2].
Festi hf.: Buyback program week 40
Globenewswire·2025-10-06 08:42