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Festi hf.: Publication of Q4 and 12M 2025 results on 5 February 2026 and investor meeting on 6 February
Globenewswire· 2026-01-29 16:30
Festi will publish the Q4 and 12M 2025 results on Thursday 5 February after closing of markets. Investor meeting on 6 February at 8:30 GMT. An investor meeting will be held on Friday 6 February 2026, at 8:30 am GMT, at the Company’s headquarters at Dalvegur 10 – 14, Kópavogur. Ásta S. Fjeldsted, CEO of Festi, and Magnús Kr. Ingason, CFO of Festi, will present the results and answer questions. The meeting will be streamed live on the Company’s website where registration for the webcast will also take place: ...
Festi hf.: Buyback program week 4
Globenewswire· 2026-01-26 08:30
Group 1 - The core point of the news is that Festi has executed a buyback program, purchasing a total of 178,000 own shares for 61,652,000 ISK in week 4 of 2026 [1] - Prior to the recent purchases, Festi held 3,972,000 own shares, representing 1.27% of issued shares, and after the buyback, it now holds 4,150,000 own shares, which is 1.33% of issued shares [2] - The buyback program was initially announced on December 3, 2025, and aims to repurchase a total of 2,500,000 own shares, capped at a purchase price of 825 million ISK [2]
Festi hf.: Renewal of market making agreement with Arion Banki hf.
Globenewswire· 2026-01-22 17:43
Group 1 - Festi has entered into a new market making agreement with Arion Banki to promote trading in its shares listed on Nasdaq Iceland [1] - The new agreement replaces a previous one announced on 29 June 2023 [1] - The purpose of the market making arrangement is to support market price formation and ensure efficient and transparent price discovery [1] Group 2 - Under the agreement, Arion Banki will submit bid and offer quotes for a minimum of 100,000 shares each trading day [2] - The bid-ask spread for 90,000 shares will aim for a spread close to 1.5%, not lower than 1.45%, while the spread for 10,000 shares will not exceed 1.50% [2] - Arion Banki may submit quotes with a narrower spread under special circumstances [2] Group 3 - If Arion Banki trades shares with an aggregate market value of ISK 80,000,000 on the same trading day, the maximum bid-ask spread obligations will not apply [3] - The bank is allowed to double the spreads if the price change exceeds 5% and triple them if the price change exceeds 10% during a trading day [3] Group 4 - The agreement is for an indefinite term and takes effect on 26 January 2026, with a termination notice period of 14 days [4]
Festi hf.: Major shareholder announcement from Stapi Pension Fund
Globenewswire· 2026-01-21 14:50
Please see attached major shareholder announcement. Attachment Festi 21jan2026 ...
Festi hf.: Buyback program week 3
Globenewswire· 2026-01-19 08:30
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 2
Globenewswire· 2026-01-12 08:30
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 2 of 2026, Festi purchased a total of 195,000 own shares for a total amount of 63,850,000 ISK [1]. - The buyback program was initially announced on December 3, 2025, and aims to repurchase a total of 2,500,000 own shares, representing 0.80% of the issued shares, with a maximum purchase price cap of 825 million ISK [2]. - Following the recent purchases, Festi now holds 3,775,000 own shares, which is 1.21% of the issued shares, up from 3,580,000 shares or 1.15% prior to the buyback [2]. Group 2: Regulatory Compliance - The execution of the buyback program is compliant with the Act on Public Limited Companies No 2/1995 and the Regulation of the European Parliament and of the Council No. 596/2014 on market abuse [1]. - The buyback activities also adhere to the Commissions Delegated Regulation No. 2016/1052 and the Act on Actions against Market Fraud No. 60/2021 [1].
Festi hf.: Buyback program week 1
Globenewswire· 2026-01-05 08:30
Core Viewpoint - Festi has initiated a share buyback program, purchasing a total of 170,000 shares for 55,285,000 ISK in the first week of 2026, in compliance with relevant regulations [1][2]. Group 1: Share Buyback Details - In week 1 of 2026, Festi purchased 170,000 shares at an average price of approximately 325.00 ISK per share, totaling 55,285,000 ISK [1]. - The buyback included specific transactions: 75,000 shares at 326.00 ISK, 55,000 shares at 325.00 ISK, and 40,000 shares at 324.00 ISK [1]. - The buyback program aligns with the Act on Public Limited Companies and European regulations on market abuse [1]. Group 2: Current Shareholding Status - Prior to the recent purchases, Festi held 3,410,000 shares, representing 1.09% of issued shares, and after the buyback, it now holds 3,580,000 shares, or 1.15% of issued shares [2]. - The total shares bought back to date amount to 833,774 shares for a total expenditure of 272,545,420 ISK [2]. - The buyback program aims to acquire a total of 2,500,000 shares, with a maximum budget of 825 million ISK [2].
Festi hf.: Major shareholder announcement from Almenni - Lífsverk lífeyrissjóður
Globenewswire· 2026-01-02 16:06
Group 1 - Major shareholder announcement has been made by Festi hf. [1] - The announcement includes details related to Lífsverk lífeyrissjóður's involvement [2]
Festi hf.: Buyback program week 52
Globenewswire· 2025-12-29 08:30
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 51
Globenewswire· 2025-12-22 08:30
Core Points - Festi has executed a buyback program, purchasing a total of 210,000 own shares for 68,360,000 ISK in week 51 of 2025 [1] - Prior to the recent purchases, Festi held 3,060,000 own shares, representing 0.98% of issued shares, and after the buyback, it now holds 3,270,000 own shares, or 1.05% of issued shares [2] - The buyback program 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] Purchase Details - The buyback transactions occurred on the following dates with respective share prices: - December 15, 2025: 35,000 shares at 326 ISK each, totaling 11,410,000 ISK [1] - December 16, 2025: 36,000 shares at 326 ISK each, totaling 11,736,000 ISK [1] - December 17, 2025: 39,000 shares at 326 ISK each, totaling 12,714,000 ISK [1] - December 18, 2025: 50,000 shares at 325 ISK each, totaling 16,250,000 ISK [1] - December 19, 2025: 50,000 shares at 325 ISK each, totaling 16,250,000 ISK [1] Regulatory Compliance - The execution of the buyback program is in accordance with relevant regulations, including the Act on Public Limited Companies No 2/1995 and the Regulation of the European Parliament and of the Council No. 596/2014 on market abuse [1]