25/01/19 Updated 26/03/19

Transactions in relation to a share buy-back program: Week 4

Notification of purchase of own shares under buy-back program

In week 4, Marel hf. purchased 1,418,520 of its own shares, at the purchase price of ISK 561,396,142. See further details below:

 Date Time No. of shares bought Share price (rate)  Purchase price (ISK)
22.1.201909:31:39100,000395.00 39,500,000
22.1.201909:34:01100,000395.00 39,500,000
22.1.201909:38:53 25,000 395.00 9,875,000
22.1.201909:39:5420,000 395.00  7,900,000
22.1.201909:42:5538,704 395.00 15,288,080
23.1.201909:46:51100,000 395.50 39,550,000
23.1.201909:48:26150,000395.50 59,325,000
23.1.201910:30:2133,704396.00 13,346,784
24.1.201909:31:44283,704396.25 112,417,710
25.1.201909:32:43283,704395.00 112,063,080
 Totals 1,418,520 561,396,142

The trade is in accordance with Marel's buy-back programme, announced by Nasdaq Iceland on 3 December 2018, and based on the authorisation of a shareholders’ meeting of Marel hf. on 22 November 2018.

Marel hf. held 14,196,699 own shares prior to the announced transactions and holds 15,615,219 own shares after them, or the equivalent of 2.29% of issued shares in the company.

Marel hf. has purchased a total of 8,924,669 own shares under the buy-back programme, which corresponds to 1.31% of issued shares in the company, for a total purchase price of ISK 3,421,967,075.

Buy-backs under the programme will amount to a maximum of 17,305,940 million shares, or the equivalent of 2.5% of issued shares. The buy-back programme is in effect from 4 December 2018 until and including 5 March 2019.

The buy-back program was executed in accordance with Chapter VIII. of Act No. 2/1995 on Public Limited Companies and Chapter II of the Annex to Regulation No. 630/2005 on Inside Information and Market Abuse, “Trade in own shares under buy-back programmes and the stabilisation of financial instruments”, with later amendments.

Investor relations

For further information, please contact Tinna Molphy or Marinó Thór Jakobsson via email IR@marel.com or tel. +354 563 8001.