Core Viewpoint - Festi has executed a buyback program, purchasing a total of 197,000 own shares for 67,066,500 ISK in week 3 of 2026, increasing its total shareholding to 3,972,000 shares, or 1.27% of issued shares [1][3]. Group 1: Buyback Program Details - The buyback program is in accordance with relevant regulations, including the Act on Public Limited Companies and the Regulation of the European Parliament on market abuse [2]. - Prior to the recent purchases, Festi held 3,775,000 own shares, representing 1.21% of issued shares [3]. - The total buyback program aims to repurchase 2,500,000 own shares, or 0.80% of issued shares, with a maximum purchase price cap of 825 million ISK [3]. Group 2: Financial Summary of Purchases - The breakdown of shares purchased during week 3 includes 35,000 shares at a price of 11,760,000 ISK, 46,500 shares at 15,577,500 ISK, 25,500 shares at 8,619,000 ISK, 30,000 shares at 10,170,000 ISK, and 60,000 shares at 20,940,000 ISK [1]. - The total amount spent on the buyback program so far is 403,461,920 ISK [3].
Festi hf.: Buyback program week 3
Globenewswire·2026-01-19 08:30