01/02/19 Updated 15/02/19

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

Notification of purchase of own shares under buyback programme

In week 5, Marel hf. purchased 1,418,520 of its own shares, at the purchase price of ISK 569,188,232. See further details below:

Date Time No. of shares bought Share price
 (rate)
Purchase price (ISK)
28.1.2019 09:39:29   50,000 398,50  19,925,000
28.1.2019 11:17:05  200,000  399,00  79,800,000
28.1.2019 15:16:50   11,048 400,00  4,419,200
28.1.2019 15:16:53  5,000  400,00  2,000,000
28.1.2019 15:19:33    17,656 400,00 7,062,400
29.1.2019 10:08:49   53,600  399,00 21,386,400
29.1.2019 12:10:54   100,000  400,00 40,000,000
29.1.2019 13:31:40    130,104 403,00 52,431,912
30.1.2019 09:32:46   150,000 405,00  60,750,000
30.1.2019 10:31:07   5,000 403,00  2,015,000
30.1.2019 10:50:01  74,500  403,00  30,023,500
30.1.2019 10:52:12   8,731 403,00  3,518,593
30.1.2019 10:52:23  45,473  403,00  18,325,619
31.1.2019 09:42:31    100,000 402,00 40,200,000
31.1.2019 09:47:27  50,000  402,00  20,100,000
31.1.2019 09:53:05    133,704 402,00 53,749,008
1.2.2019 09:34:38  118,030   400,00 47,212,000
1.2.2019 09:35:41  75,000  400,00  30,000,000
1.2.2019 10:18:54  90,674  400,00  36,269,600
Total   1,418,520   569,188,232

The trade is in accordance with Marel’s buyback 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 15,615,219 own shares prior to the notified transactions and holds 17,033,739 own shares after them, or the equivalent of 2,50% of issued shares in the company.

Marel hf. has purchased a total of 10,343,189 own shares under the buyback programme, which corresponds to 1.52% of issued shares in the company, for a total purchase price of ISK 3,991,155,307.

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 buyback programme is in effect from 4 December 2018 until and including 5 March 2019.

The buyback 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.