Tuesday, 02 January 2024 12:17 GMT

Festi Hf.: Buyback Program Week 36


(MENAFN- GlobeNewsWire - Nasdaq) In week 36 2025, Festi purchased in total 170,000 own shares for total amount of 51,440,000 ISK as follows:

Week Date Time Purchased shares Share price Purchase price
36 3.9.2025 13:29:12 80.000 300 24.000.000
36 4.9.2025 11:19:16 50.000 304 15.200.000
36 5.9.2025 12:41:58 40.000 306 12.240.000
170.000 51.440.000

The execution of the buyback program is in accordance with the Act on Public Limited Companies No 2/1995, Article 5 of the Regulation of the European parliament and of the Council No. 596/2014, on market abuse, the Commissions Delegated Regulation No. 2016/1052 and the Act on Actions against Market Fraud No. 60/2021.

Before the purchase Festi held 1,731,226 own shares or 0.55% of issued shares. Festi has now bought in total 1,655,000 own shares for 495,110,000 ISK and holds today 1,901,226 own shares or 0.61% of issued shares. This announcement of purchase of own shares is in accordance with the buyback program announced 27 June 2025 to Nasdaq OMX Iceland. The program envisages the buyback of a total of 2,500,000 own shares or 0.80% of the issued shares, with the cap of 800 million ISK purchase price.

For further information contact Magnús Kr. Ingason, CFO of Festi hf. (... ).


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