In week 32 2025, Festi purchased in total 160,000 own shares for total amount of 48,140,000 ISK as follows:
Week | Date | Time | Purchased shares | Share price | Purchase price |
32 | 5.8.2025 | 13:21:22 | 50.000 | 302 | 15.100.000 |
32 | 6.8.2025 | 10:02:45 | 40.000 | 301 | 12.040.000 |
32 | 8.8.2025 | 10:13:54 | 70.000 | 300 | 21.000.000 |
160.000 | 48.140.000 |
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 1,066,226 own shares or 0.34% of issued shares. Festi has now bought in total 980,000 own shares for 292,780,000 ISK and holds today 1,226,226 own shares or 0.39% 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. (mki@festi.is).