Core Viewpoint - Festi has initiated a share buyback program, purchasing a total of 150,000 own shares for 51,740,000 ISK in week 5 of 2026, in compliance with relevant regulations [1][2]. Group 1: Share Buyback Details - In week 5 of 2026, Festi purchased shares on four different dates, acquiring 10,000 shares at 344 ISK, 25,000 shares at 345 ISK, 35,000 shares at 345 ISK, and 80,000 shares at 345 ISK, totaling 150,000 shares [1]. - The total expenditure for the share buyback in week 5 was 51,740,000 ISK, with the average share price being approximately 344.93 ISK [1]. Group 2: Ownership and Program Overview - Prior to the recent purchases, Festi held 4,150,000 own shares, representing 1.33% of the issued shares, and after the buyback, the total shares held increased to 4,300,000, or 1.38% of the issued shares [2]. - 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 5
Globenewswire·2026-02-02 08:30