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Festi hf.: Buyback program week 7
This is a paid press release. Contact the press release distributor directly with any inquiries.
Festi hf.: Buyback program week 7
Festi hf.
Mon, February 16, 2026 at 5:30 PM GMT+9 1 min read
In this article:
FESTI.IC
-1.75%
Festi hf.
In week 7 2026, Festi purchased in total 135,000 own shares for total amount of 46,145,000 ISK as follows:
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 4,435,000 own shares or 1.42% of issued shares. Festi has now bought in total 1,823,774 own shares for 609,438,920 ISK and holds today 4,570,000 own shares or 1.46% of issued shares. This announcement of purchase of own shares is in accordance with the buyback program announced 3 December 2025 to Nasdaq 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 825 million ISK purchase price.
For further information contact Magnús Kr. Ingason, CFO of Festi hf. (mki@festi.is).
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