Festi hf. Buys 185,213 Shares in Latest Repurchase Week 36

Festi hf., an Icelandic company, has announced its latest round of share repurchases as part of its ongoing buyback program. In week 36 of 2026, Festi acquired 185,213 of its own shares for a total of 56,487,039 Icelandic kronor (ISK).

According to the company’s disclosure, these purchases were made in accordance with the relevant regulations, including the Act on Public Limited Companies No. 2/1995, the European Parliament and Council Regulation No. 596/2014, the Commission Delegated Regulation No. 2016/1052, and the Act on Actions against Market Fraud No. 60/2021. The buyback program, announced on July 1, 2026, is designed to repurchase up to 3,000,000 shares, which corresponds to 0.96% of the company’s issued share capital. The total purchase price for the program is capped at 1,000 million ISK.

As of the end of week 36, Festi has now accumulated a total of 2,050,213 own shares purchased for 635,682,039 ISK. This brings the total number of shares held by the company to 5,729,077, representing 1.83% of the issued share capital.

Prior to this latest purchase, Festi held 5,543,864 own shares, equivalent to 1.77% of the total issued share capital. The increase in the percentage of shares held by the company indicates that the buyback program is progressing as planned.

Festi hf. is a prominent player in its industry, and the ongoing share repurchase program is part of the company’s strategy to optimize its capital structure and enhance shareholder value. The company’s commitment to this program reflects its confidence in its future prospects and its dedication to maintaining a strong financial position.

In summary, Festi hf. continues to execute its share repurchase program in a manner consistent with regulatory requirements, steadily increasing its ownership stake in the company. This ongoing effort underscores the company’s strategic approach to capital management and its focus on long-term value creation for shareholders.