Festi hf.: Buyback program week 40
In week 40 2025, Festi purchased in total 160,000 own shares for total amount of 48,740,000 ISK as follows:
Week | Date | Time | Purchased shares | Share price | Purchase price |
40 | 29.9.2025 | 13:52:57 | 50.000 | 306 | 15.300.000 |
40 | 30.9.2025 | 13:31:58 | 50.000 | 304 | 15.200.000 |
40 | 1.10.2025 | 11:57:00 | 30.000 | 304 | 9.120.000 |
40 | 2.10.2025 | 12:44:43 | 30.000 | 304 | 9.120.000 |
160.000 | 48.740.000 |
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 2,306,226 own shares or 0.74% of issued shares. Festi has now bought in total 2,220,000 own shares for 667,500,000 ISK and holds today 2,466,226 own shares or 0.79% 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. ().
