Festi hf.: Buyback program week 6
Globenewswire·2026-02-09 09:00

Core Viewpoint - Festi has actively engaged in a share buyback program, purchasing a total of 135,000 shares for 46,440,000 ISK in week 6 of 2026, which reflects the company's commitment to enhancing shareholder value [1] Group 1: Share Buyback Details - In week 6 of 2026, Festi purchased 135,000 shares at various prices, totaling 46,440,000 ISK [1] - The specific purchases included 35,000 shares at 345 ISK on February 2 and February 3, 2026, 35,000 shares at 342 ISK on February 4, and 30,000 shares at 344 ISK on February 5 [1] - The buyback program is compliant with relevant regulations, including the Act on Public Limited Companies and the Regulation of the European Parliament on market abuse [1] Group 2: Current Shareholding Status - Prior to the recent purchases, Festi held 4,300,000 shares, representing 1.38% of issued shares, and now holds 4,435,000 shares, which is 1.42% of issued shares [2] - The total shares bought back by Festi since the program's announcement on December 3, 2025, amounts to 1,688,774 shares for a total cost of 563,293,920 ISK [2] - The buyback program aims to repurchase a total of 2,500,000 shares, with a maximum budget of 825 million ISK [2]