FESTI N1 Hf

Festi hf.: Capital Increase Due to Exercise of Share Option Agreements

Festi hf.: Capital Increase Due to Exercise of Share Option Agreements

During the first exercise period under the share option plan for employees of the Festi Group, which was approved at the Annual General Meeting on March 6, 2024,a total of 1,048,552 share options were exercised in the Company. . The exercise price was ISK 187 per share (adjusted for dividends paid since the conclusion of the share option agreements), amounting to a total payment of ISK 196,079,224.

In connection with the settlement, the Board of Directors of Festi has resolved to exercise its authorization under Article 5, Paragraph 5 of the Company's Articles of Association to increase the Company’s share capital, in order to meet its obligations under the aforementioned share option agreements. As a result, the Company’s share capital will be increased by 1,048,552 shares, bringing the total nominal value to ISK 312,548,552 after the increase. Each share has a nominal value of one ISK, and each share carries one vote.

The capital increase will be notified to and registered by the Icelandic Company Registration, and the new shares will be issued by the Nasdaq Central Securities Depository and will be applied for listing on the Main Market of Nasdaq Iceland.

For further information, please contact Ásta S. Fjeldsted, CEO of Festi -  and Magnús Kr. Ingason, CFO of Festi - .



EN
19/05/2025

Underlying

FESTIN1 Hf

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on N1 Hf

 PRESS RELEASE
Free
FESTI N1 HF

Festi hf.: Notification regarding execution of a buyback program

Festi hf.: Notification regarding execution of a buyback program At the Annual General Meeting of Festi on March 5, 2025, the shareholders approved to authorize the Board of Directors, pursuant to Article 55 of the Act on Public Limited Companies No. 2/1995, to purchase up to 10% of issued shares in the company. The purpose of the program is to reduce the company‘s share capital and/or to enable the company to meet its obligations according to stock option agreements with employees. The Board of Directors of Festi has, based on this mandate issued by the Annual General Meeting, decided on ...

June 27, 2025 1 EN
 PRESS RELEASE
Free
FESTI N1 HF

Festi hf.: Tilkynning um framkvæmd endurkaupaáætlunar

Festi hf.: Tilkynning um framkvæmd endurkaupaáætlunar Aðalfundur Festi hf., sem haldinn var 5. mars 2025, veitti stjórn félagsins heimild, á grundvelli 55. gr. laga um hlutafélög, nr. 2/1995, að kaupa fyrir hönd félagsins allt að 10% af hlutafé þess. Tilgangur félagsins með endurkaupum er að lækka hlutafé félagsins og/eða að gera félaginu kleift að standa við skuldbindingar sínar skv. kaupréttarsamningum við starfsmenn. Stjórn Festi hf. hefur á grundvelli samþykktar aðalfundar tekið ákvörðun um framkvæmd endurkaupaáætlunar.  Áætlað er að kaupa að hámarki 2.500.000 eigin hluti í félaginu eð...

June 27, 2025 1 EN
 PRESS RELEASE
Free
FESTI N1 HF

Festi hf.: Managers transactions

Festi hf.: Managers transactions Please see the attached notifications.   Attachments

May 20, 2025 1 EN
 PRESS RELEASE
Free
FESTI N1 HF

Festi hf.: Viðskipti stjórnenda

Festi hf.: Viðskipti stjórnenda Sjá meðfylgjandi tilkynningar. Viðhengi

May 20, 2025 1 EN
 PRESS RELEASE
Free
FESTI N1 HF

Festi hf.: Share option plan for employees of the Festi Group

Festi hf.: Share option plan for employees of the Festi Group In accordance with Festi’s remuneration policy, a share option plan, approved at the Company’s Annual General Meeting on March 6, 2024, is in effect based on Article 10 of the Income Tax Act No. 90/2003. The share option plan is valid for a period of three years, i.e., until May 2027, and applies to all permanent employees of the Festi Group. The objective of the plan is to align the interests of employees with the performance and long-term goals of the Company and its shareholders. Implementation of the share option plan was an...

May 19, 2025 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch