Festi hf.: Results of share buyback by way of a reverse tender offer
Festi hf. has decided to accept offers for 2,668,681 shares at a price of ISK 293.00 per share in the share buyback announced on 3 November 2026, for a total amount of ISK 781,923,533.
The settlement date for the accepted offers is 6 November 2026.
The share buyback is carried out in accordance with Act No. 2/1995 on Public Limited Companies, Article 5 of MAR (Regulation (EU) No. 596/2014 of the European Parliament and of the Council on market abuse, which has the force of law in Iceland pursuant to Act No. 60/2021 on Measures against Market Abuse), as well as Commission Delegated Regulation (EU) 2016/1052 laying down regulatory technical standards regarding the conditions applicable to buyback programmes.
Following the purchase of the shares referred to above, Festi hf. holds 9,347,545 own shares, corresponding to 2.99% of the Company’s issued share capital.
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