Core Points - Festi has executed a buyback program, purchasing a total of 210,000 own shares for 68,360,000 ISK in week 51 of 2025 [1] - Prior to the recent purchases, Festi held 3,060,000 own shares, representing 0.98% of issued shares, and after the buyback, it now holds 3,270,000 own shares, or 1.05% of issued shares [2] - The buyback program aims to repurchase a total of 2,500,000 own shares, which is 0.80% of the issued shares, with a maximum purchase price cap of 825 million ISK [2] Purchase Details - The buyback transactions occurred on the following dates with respective share prices: - December 15, 2025: 35,000 shares at 326 ISK each, totaling 11,410,000 ISK [1] - December 16, 2025: 36,000 shares at 326 ISK each, totaling 11,736,000 ISK [1] - December 17, 2025: 39,000 shares at 326 ISK each, totaling 12,714,000 ISK [1] - December 18, 2025: 50,000 shares at 325 ISK each, totaling 16,250,000 ISK [1] - December 19, 2025: 50,000 shares at 325 ISK each, totaling 16,250,000 ISK [1] Regulatory Compliance - The execution of the buyback program is in accordance with relevant regulations, including the Act on Public Limited Companies No 2/1995 and the Regulation of the European Parliament and of the Council No. 596/2014 on market abuse [1]
Festi hf.: Buyback program week 51
Globenewswire·2025-12-22 08:30