Festi launches share buyback of up to ISK 1 billion via reverse tender offer
Bitget2026/11/03 16:15- 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: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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