Stock buyback program

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Festi hf.: Buyback program week 27
Globenewswireยท 2025-07-07 08:30
Core Viewpoint - Festi has executed a buyback program, purchasing a total of 165,000 own shares for 47,025,000 ISK, increasing its ownership from 0.08% to 0.13% of issued shares [1][2]. Group 1: Buyback Program Details - The buyback program was announced on June 27, 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 of 800 million ISK [2]. - The shares were purchased at a consistent price of 285 ISK per share across multiple transactions [1]. Group 2: Compliance and Regulations - The execution of the buyback program complies with the Act on Public Limited Companies No 2/1995 and relevant European regulations regarding market abuse and fraud [1].