Festi hf.: Transactions in relation to a share repurchase programme – week 39, tell me about this news in (https://www.manilatimes.net/2026/09/28/tmt-newswire/globenewswire/festi-hf-transactions-in-relation-to-a-share-repurchase-programme-week-39/2433888)

Here are the key details from the news article regarding Festi hf.’s share buyback transactions in week 39, 2026:

Overview of Transactions (Week 39, 2026): During week 39 of 2026, Festi purchased a total of 300,000 of its own shares for a total consideration of ISK 90,487,500. The breakdown of daily purchases was:

• September 21, 2026 (14:20:21): 75,000 shares at ISK 304.0 per share (Total: ISK 22,800,000)

• September 23, 2026 (11:23:02): 75,000 shares at ISK 302.0 per share (Total: ISK 22,650,000)

• September 24, 2026 (13:31:26): 75,000 shares at ISK 300.0 per share (Total: ISK 22,500,000)

• September 25, 2026 (10:53:52): 75,000 shares at ISK 300.5 per share (Total: ISK 22,537,500)

Shareholding Status:

• Prior to these transactions, Festi held 6,168,309 own shares (1.97% of total issued share capital).

• Following these purchases, Festi holds 6,468,309 own shares (2.07% of total issued share capital).

• Under the current buyback program, Festi has repurchased an aggregate of 2,789,445 own shares for ISK 858,930,103.

Buyback Program Background & Regulatory Compliance:

• The buyback was executed under the share repurchase program initially announced to Nasdaq Iceland on July 1, 2026.

• The program authorizes the buyback of up to 3,000,000 own shares (approximately 0.96% of issued share capital) with a maximum aggregate purchase value of ISK 1,000 million.

• The transactions comply with the Icelandic Act on Public Limited Companies No. 2/1995, Article 5 of Regulation (EU) No. 596/2014 (Market Abuse Regulation), Commission Delegated Regulation (EU) 2016/1052, and the Act on Actions against Market Fraud No. 60/2021.