Festi hf. Announces Successful Buyback Program Results

Author: Addison Perry Updated: 07-28-2025 04:33 AM

Festi hf. Buyback Program Overview

In the recent buyback program executed in week 30 of 2025, Festi hf. showcased a strong commitment to enhancing shareholder value by repurchasing 195,000 of its own shares. The total expenditure reached an impressive 59,775,000 ISK. This strategic move reflects Festi's ongoing dedication to its shareholders and the overall economy.

Details of the Share Buyback

The buyback activities were carried out on several days, resulting in the purchase of shares as outlined in the table below:

Share Purchase Breakdown

During the buyback period, the shares were acquired as follows:

July 21, 2025: 30,000 shares at a price of 312 ISK each, totaling 9,360,000 ISK.
July 22, 2025: 35,000 shares at 309 ISK each, amounting to 10,815,000 ISK.
July 23, 2025: 40,000 shares priced at 307 ISK, aggregating 12,280,000 ISK.
July 24, 2025: 50,000 shares at 304 ISK each, for a total of 15,200,000 ISK.
July 25, 2025: 40,000 shares at 303 ISK, summing up to 12,120,000 ISK.

These purchases reflect an increasing confidence in the company's future as it actively engages with the market.

Regulatory Compliance

The execution of the buyback program is fully compliant with the relevant legal frameworks, including the Act on Public Limited Companies and the Regulation of the European Parliament regarding market abuse. Festi hf. remains committed to ethical standards and transparency in its operations.

Share Holdings Post-Buyback

Following this buyback, Festi hf. has increased its accumulated shares to 926,226, representing 0.30% of finely issued shares. This quantitative update confirms the efficacy of the buyback initiative, as Festi has now repurchased a total of 680,000 of its own shares for 201,940,000 ISK. The company is actively pursuing a total repurchase goal of 2,500,000 shares, which constitutes approximately 0.80% of the total shares issued, with a maximum cap of 800 million ISK set for the buyback expenditure.

Company Contact Information

For additional information or inquiries regarding this operational update, please reach out to Magnús Kr. Ingason, CFO of Festi hf., via email at mki@festi.is.

Frequently Asked Questions

What is the purpose of the buyback program?

The buyback program is designed to enhance shareholder value by reducing the number of shares available in the market, which can help increase the stock price.

How many shares has Festi hf. repurchased in total?

Festi hf. has repurchased a total of 680,000 shares.

What was the total expenditure for the recent buyback?

The total expenditure for the recent buyback was 59,775,000 ISK.

Who can be contacted for more information?

For further information, Magnús Kr. Ingason, CFO of Festi hf., can be contacted via email at mki@festi.is.

Is the buyback program compliant with regulations?

Yes, the buyback program is fully compliant with all applicable regulations and laws.

About The Author

Hello, I'm 30-year-old financial writer and expert Addison Perry, and I love to simplify the intricacies of the financial industry. I've committed myself over the years to deciphering the subtleties of investing techniques and economic trends and converting them into doable guidance that anybody can use. My goal with writings and books is to make money interesting and approachable so that readers may take charge of their financial futures.

My enthusiasm to empowerment and education has propelled me through my career in finance. I write because I think that everyone should be able to make educated financial decisions, and I try to provide that. Regardless of experience level with investing, my work is intended to provide insightful analysis and practical advice to enable you to thrive in the always changing financial environment. I appreciate you traveling with me toward success and financial literacy.

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