Core Viewpoint - Festi has been actively engaging in a share buyback program, increasing its ownership of own shares in accordance with regulatory frameworks [1][2]. Group 1: Share Buyback Details - In week 8 of 2026, Festi purchased a total of 195,000 own shares for 65,645,000 ISK, with individual purchases made on February 16, 17, 18, and 19, 2026 [1]. - The share prices for the purchases ranged from 333 ISK to 342 ISK per share, with the total amounts spent on each day being 24,975,000 ISK, 16,800,000 ISK, 11,970,000 ISK, and 11,900,000 ISK respectively [1]. - Prior to these purchases, Festi held 4,570,000 own shares, representing 1.46% of issued shares, and after the buyback, it now holds 4,765,000 own shares, or 1.52% of issued shares [2]. Group 2: Buyback Program Overview - The buyback program was initially announced on December 3, 2025, and 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]. - The execution of the buyback program complies with the Act on Public Limited Companies and relevant European regulations regarding market abuse and fraud [1].
Festi hf.: Buyback program week 8
Globenewswire·2026-02-23 08:50