Nasdaq Iceland-listed Festi has repurchased 625,000 shares since launching its 1 July 2026 buyback program, lifting treasury holdings to 1.38% of issued share capital.
Festi repurchased 310,000 of its own shares in week 29 of 2026 for a total of ISK 97,710,000 under the buyback program it announced to Nasdaq Iceland on 1 July 2026. The purchases were executed in seven trades between 13 July and 17 July at prices ranging from ISK 314.0 to ISK 316.5 per share. Following the latest transactions, Festi has bought back 625,000 shares for ISK 196,280,000 in total and now holds 4,303,864 treasury shares, equal to 1.38% of issued share capital, up from 3,993,864 shares, or 1.28%, before the week’s purchases. The company said the program allows for the repurchase of up to 3,000,000 shares, with a total spending cap of ISK 1,000 million, and is being executed in line with Icelandic company law and EU market-abuse rules as incorporated into Icelandic regulation.