Festi hf. Completes Share Repurchase Program

In week 38 of 2026, Festi hf., a company that has been active in the market for some time, announced its latest share repurchase program. The company purchased a total of 200,000 of its own shares for a total amount of 60,062,500 ISK. This purchase was made in line 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 Commission Delegated Regulation No. 2016/1052, and the Act on Actions against Market Fraud No. 60/2021.

Before these purchases, Festi hf. held 5,968,309 of its own shares, which corresponded to 1.91% of the issued share capital. Following the recent purchases, the company now holds a total of 6,168,309 of its own shares, representing 1.97% of the issued share capital. This represents a significant increase in the company's shareholding, as the program envisages the buyback of up to 3,000,000 of its own shares, which is equivalent to 0.96% of the issued share capital. The total purchase price under the program shall not exceed ISK 1,000 million.