Festi hf. Completes Share Buy‑back in Week 49
Festi hf., a consumer‑discretionary company based in Iceland, has announced the completion of a share buy‑back program scheduled for the 49th week of 2025. The transaction, executed in accordance with the Companies Act No. 2/1995, the European Union Regulation 596/214 on market abuse, and the 2016/1052 supervisory board directive, involved the repurchase of 103,774 shares for a total of 34 425 420 kkr.
Transaction Details
| Item | Value |
|---|---|
| Shares repurchased | 103,774 |
| Total consideration | 34 425 420 kkr |
| Week of completion | 49 (2025) |
The buy‑back was carried out under the legal framework governing share repurchase schemes in Icelandic public‑limited companies. The company confirms that all regulatory and statutory requirements have been met.
Context
Share buy‑backs are a common corporate strategy used to return value to shareholders and to optimise capital structure. Festi hf. has not disclosed additional motives for this specific buy‑back, but the transaction aligns with its ongoing shareholder‑return policy.
Sources
- Nasdaq OMX Nordic – “Festi hf.: Buyback program week 49” (2025‑12‑08)
- Keldan.is – GlobeNewswire report on the share repurchase (2025‑12‑08)
- Keldan.is – Supplementary article on related market‑abuse regulations (2025‑12‑08)
No further commentary or speculation is provided beyond the factual details of the transaction.
