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Festi launches share buyback of up to ISK 1 billion via reverse tender offer

PUBT·11/03/2026 16:17:11
Festi launches share buyback of up to ISK 1 billion via reverse tender offer
  • Festi will repurchase up to ISK 1 billion of shares through a reverse tender offer managed by Arion Bank.
  • The buyback aims to reduce issued share capital and/or meet obligations under employee share option agreements.
  • Shareholders authorized purchases of up to 10% of share capital; existing treasury holdings total 6,678,864 shares, or 2.14%.
  • Offers will be accepted in ascending price order, with all purchased shares priced at the highest accepted offer.
  • Offers close November 4, 2026, at 08:30; results are due by 09:30 that day, with settlement November 6.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FESTI hf. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202611031114OMX_____CNEWS_EN_GNW1001301580_en) on November 03, 2026, and is solely responsible for the information contained therein.