Festi buys back 300,000 shares: what it means for Festi stock

Festi used ISK 90.49 million to repurchase 300,000 shares in week 39. For Festi stock, the buyback cap is 0.96 percent of issued capital.

Festi hf. repurchased 300,000 own shares for ISK 90.49 million during week 39 2026, according to GlobeNewswire on September 28, 2026. The purchases give Festi stock a concrete capital-return angle, while the program remains below its authorized ceiling.

The buyback uses 0.96 percent capacity

The purchases took place between September 21 and September 25, 2026, at prices from ISK 300.00 to ISK 304.00 per share, according to GlobeNewswire. The week 39 transactions brought cumulative purchases under the program to 2,789,445 shares for ISK 858.93 million.

The authorization allows up to 3,000,000 shares, equal to 0.96 percent of issued capital, with total spending limited to ISK 1.0 billion, the same GlobeNewswire announcement said. Festi held 6,468,309 treasury shares, or 2.07 percent of issued capital, after the latest purchases.

Festi stock stays inside its yearly range

Festi stock was last at ISK 291.00 on Nasdaq Iceland on October 1, 2026 at 3:29 p.m. GMT, versus an ISK 288.00 prior close, a 1.04 percent rise. The quotation is tied to Nasdaq Iceland, where Festi trades under ticker FESTI, according to Global Banking and Finance Review.

The stock's 52-week range was ISK 286.00 to ISK 352.00 as of October 1, 2026, leaving the latest quote ISK 5.00 above the low and ISK 61.00 below the high. Market capitalization stood at ISK 89.9 billion on the same date.

What the repurchase means for Festi stock

The buyback has used ISK 858.93 million of its ISK 1.0 billion spending limit, leaving ISK 141.07 million of stated capacity. That arithmetic places the program at 85.89 percent of its monetary ceiling, while the share count remains 210,555 below the 3,000,000 authorization.

Nasdaq Iceland quote and company profile

Festi operates in consumer cyclical markets, with specialty retail as its industry classification. The company is headquartered in Kopavogur, Iceland, and its listed identity is Festi hf. on Nasdaq Iceland under ticker FESTI.

Festi market facts

• Company: Festi hf.
• Ticker: FESTI
• Primary exchange: Nasdaq Iceland
• Primary-exchange price (as of October 1, 2026, 3:29 p.m. GMT): ISK 291.00
• Change versus prior close: plus 1.04 percent
• Prior close (October 1, 2026): ISK 288.00
• Market capitalization: ISK 89.9 billion (as of October 1, 2026)
• 52-week range: ISK 286.00-352.00 (as of October 1, 2026)
• Sector / Industry: Consumer Cyclical / Specialty Retail