Festi hf.
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Festi hf.: Buyback program week 42
Globenewswire· 2025-10-20 08:30
In week 42 2025, Festi purchased in total 80,000 own shares for total amount of 24,960,000 ISK as follows: WeekDateTimePurchased sharesShare pricePurchase price4213.10.202510:30:3440.00031212.480.0004214.10.202515:15:3040.00031212.480.000 80.000 <td style="width:102.67px;;border- ...
Festi hf.: Buyback program week 41
Globenewswire· 2025-10-13 08:30
Core Points - Festi has executed a buyback program, purchasing a total of 160,627 own shares for 49,671,235 ISK in week 41 of 2025 [1] - Prior to the recent purchases, Festi held 2,466,226 own shares, representing 0.79% of issued shares, and after the buyback, it now holds 2,626,853 own shares, or 0.84% of issued shares [2] - The buyback program was announced on June 27, 2025, and aims to repurchase a total of 2,500,000 own shares, with a maximum purchase price of 800 million ISK [2] Purchase Details - The buyback included purchases on specific dates with the following details: - October 6, 2025: 10,627 shares at 305 ISK per share for a total of 3,241,235 ISK - October 7, 2025: 50,000 shares at 306 ISK per share for a total of 15,300,000 ISK - October 8, 2025: 40,000 shares at 308 ISK per share for a total of 12,320,000 ISK - October 9, 2025: 30,000 shares at 314 ISK per share for a total of 9,420,000 ISK - October 10, 2025: 30,000 shares at 313 ISK per share for a total of 9,390,000 ISK [1] Compliance and Regulations - The execution of the buyback program is in accordance with relevant laws and 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]
Festi hf.: Publication of Base Prospectus
Globenewswire· 2025-10-09 18:39
Group 1 - Festi hf. has published a base prospectus for its bond and bill issuance program, approved by the Financial Supervisory Authority of the Central Bank of Iceland [1][2] - The base prospectus is dated 9 October 2025 and will be available on Festi's website for ten years from the approval date [1] - The prospectus is issued in Icelandic and can be accessed electronically at https://www.festi.is/en/skuldabrefogvixlar [1] Group 2 - Íslandsbanki hf. managed the approval process for the prospectus [2] - For further inquiries, contact Magnús Kr. Ingason, CFO of Festi hf. [2]
Festi hf.: Buyback program week 40
Globenewswire· 2025-10-06 08:42
Core Viewpoint - Festi has executed a share buyback program, purchasing a total of 160,000 own shares for 48,740,000 ISK in week 40 of 2025, increasing its ownership from 0.74% to 0.79% of issued shares [1][2]. Group 1: Share Buyback Details - In week 40 of 2025, Festi purchased 160,000 shares at an average price of approximately 304 ISK per share, totaling 48,740,000 ISK [1]. - Prior to the recent purchases, Festi held 2,306,226 shares, which represented 0.74% of the issued shares [2]. - After the buyback, Festi now holds 2,466,226 shares, which is 0.79% of the issued shares [2]. Group 2: Buyback Program Overview - The buyback program was announced on June 27, 2025, and aims to repurchase a total of 2,500,000 shares, or 0.80% of the issued shares, with a maximum purchase price of 800 million ISK [2]. - To date, Festi has repurchased a total of 2,220,000 shares for 667,500,000 ISK under this program [2].
Festi hf.: Buyback program week 39
Globenewswire· 2025-09-29 08:30
In week 39 2025, Festi purchased in total 135,000 own shares for total amount of 41,310,000 ISK as follows: WeekDateTimePurchased sharesShare pricePurchase price3923.9.202510:30:5350.00030715.350.000 3924.9.202514:38:1450.00030515.250.0003925.9.202514:57:0635.000306<td style="width:107.47px;;text-align: center ; vertical-align: middle; vertical-align: bot ...
Festi hf.: Buyback program week 38
Globenewswire· 2025-09-22 08:53
Core Points - Festi has executed a buyback program, purchasing a total of 140,000 own shares for 42,740,000 ISK in week 38 of 2025 [1] - Prior to the recent purchases, Festi held 2,031,226 own shares, representing 0.65% of issued shares, and after the buyback, it now holds 2,171,226 own shares, or 0.69% of issued shares [2] - The buyback program was announced on June 27, 2025, and aims to repurchase a total of 2,500,000 own shares, with a maximum purchase price of 800 million ISK [2] Purchase Details - The buyback included purchases on specific dates: - 40,000 shares on September 15, 2025, at a price of 307 ISK per share, totaling 12,280,000 ISK - 40,000 shares on September 16, 2025, at the same price, totaling another 12,280,000 ISK - 30,000 shares on September 17, 2025, at 303 ISK per share, totaling 9,090,000 ISK - 30,000 shares on September 18, 2025, at the same price, totaling another 9,090,000 ISK [1] Regulatory Compliance - The execution of the buyback program complies with the Act on Public Limited Companies No 2/1995, the Regulation of the European Parliament and of the Council No. 596/2014 on market abuse, and other relevant regulations [1]
Festi hf.: Buyback program week 37
Globenewswire· 2025-09-15 08:30
Core Points - Festi has executed a buyback program, purchasing a total of 130,000 own shares for 39,600,000 ISK in week 37 of 2025 [1] - Prior to the recent purchase, Festi held 1,901,226 own shares, representing 0.61% of issued shares, and after the buyback, it now holds 2,031,226 own shares, or 0.65% 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 of 800 million ISK [2] Purchase Details - The buyback transactions occurred on three different dates: - 50,000 shares on September 8, 2025, at a price of 305 ISK per share, totaling 15,250,000 ISK - 30,000 shares on September 9, 2025, at a price of 305 ISK per share, totaling 9,150,000 ISK - 50,000 shares on September 10, 2025, at a price of 304 ISK per share, totaling 15,200,000 ISK [1] - The total number of shares purchased during this buyback program is now 1,785,000 shares for a total expenditure of 534,710,000 ISK [2] Compliance and Regulations - The execution of the buyback program is in compliance with the Act on Public Limited Companies No 2/1995 and relevant European regulations regarding market abuse and fraud [1]
Festi hf.: Announcement from Festi regarding lawsuit
Globenewswire· 2025-09-05 17:15
Core Viewpoint - Festi is facing a lawsuit from Bergorka ehf. regarding alleged violations related to wholesale fuel offers dating back to December 2018 [1][2] Group 1: Allegations and Legal Proceedings - Bergorka claims that Festi refused to provide wholesale fuel offers, failed to respond to requests, and made non-compliant offers as per the settlement agreement with the Icelandic Competition Authority dated July 30, 2018 [1] - The lawsuit does not specify a compensation amount and is set to be heard in the District Court of Reykjanes on September 10, 2025 [2] Group 2: Company Response - Festi assesses the lawsuit as unfounded and has engaged legal counsel to defend against the claims [2]
Festi hf.: Buyback program week 35
Globenewswire· 2025-09-01 08:30
Group 1 - The company Festi purchased a total of 170,000 own shares for a total amount of 50,595,000 ISK during week 35 of 2025 [1] - The share purchases were executed at various prices, with the highest price being 301.00 ISK and the lowest at 293.00 ISK [1] - Prior to the recent buyback, Festi held 1,561,226 own shares, representing 0.5% of issued shares, and after the buyback, it now holds 1,731,226 own shares, or 0.55% of issued shares [2] Group 2 - The total buyback program announced on June 27, 2025, aims to repurchase 2,500,000 own shares, which is 0.80% of the issued shares, with a maximum purchase price cap of 800 million ISK [2] - The execution of the buyback program complies with relevant regulations, including the Act on Public Limited Companies and the Regulation of the European Parliament on market abuse [1]
Festi hf.: Buyback program week 34
Globenewswire· 2025-08-25 08:30
Summary of Key Points Core Viewpoint - Festi has executed a buyback program, purchasing a total of 165,000 own shares for 49,305,000 ISK in week 34 of 2025, in compliance with relevant regulations [1][2]. Group 1: Buyback Program Details - The total number of shares purchased by Festi now amounts to 1,315,000, with a total expenditure of 393,075,000 ISK [2]. - Following the recent purchases, Festi holds 1,561,226 own shares, representing 0.5% of the issued shares [2]. - The buyback program was initially announced on June 27, 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 of 800 million ISK [2]. Group 2: Compliance and Regulations - The execution of the buyback program adheres to the Act on Public Limited Companies No 2/1995 and the Regulation of the European Parliament and of the Council No. 596/2014 concerning market abuse [1]. - Additional compliance is ensured with the Commissions Delegated Regulation No. 2016/1052 and the Act on Actions against Market Fraud No. 60/2021 [1].