Core Viewpoint - Festi has executed a buyback program, purchasing a total of 210,000 own shares for 69,525,000 ISK, increasing its ownership from 2,850,000 to 3,060,000 shares, representing 0.98% of issued shares [1][2]. Group 1: Buyback Details - The buyback program was announced on December 3, 2025, and aims to repurchase a total of 2,500,000 own shares, or 0.80% of issued shares, with a maximum purchase price of 825 million ISK [2]. - The specific purchases made during week 50 include: - December 8: 50,000 shares at 334 ISK each for a total of 16,700,000 ISK - December 9: 50,000 shares at 332 ISK each for a total of 16,600,000 ISK - December 10: 50,000 shares at 330 ISK each for a total of 16,500,000 ISK - December 11: 35,000 shares at 330 ISK each for a total of 11,550,000 ISK - December 12: 25,000 shares at 327 ISK each for a total of 8,175,000 ISK [1]. Group 2: Compliance and Regulations - 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 50
Globenewswire·2025-12-15 08:47