Core Viewpoint - Festi has actively engaged in a share buyback program, purchasing a total of 140,000 own shares for 44,950,000 ISK in week 52 of 2025, which aligns with its previously announced buyback strategy [1][2]. Group 1: Share Buyback Details - In week 52, Festi purchased 65,000 shares at a price of 320 ISK per share, totaling 20,800,000 ISK, and 75,000 shares at a price of 322 ISK per share, totaling 24,150,000 ISK [1]. - Prior to the recent purchases, Festi held 3,270,000 own shares, representing 1.05% of issued shares, and after the buyback, it now holds 3,410,000 own shares, or 1.09% of issued shares [2]. - The total number of shares bought back by Festi since the program's announcement is 663,774 shares for a total expenditure of 217,260,420 ISK [2]. Group 2: Buyback Program Compliance - The execution of the buyback program is in accordance with the Act on Public Limited Companies No 2/1995 and relevant European regulations on market abuse [1]. - The buyback program, announced on December 3, 2025, 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].
Festi hf.: Buyback program week 52
Globenewswire·2025-12-29 08:30