08/02/19 Updated 16/02/19

Transactions in relation to a share buyback programme: week 6

Notification of purchase of own shares under buyback programme

In week 6, Marel hf. purchased 1,234,816 of its own shares, at the purchase price of ISK 515,573,655. See further details below:

Date Time No. of shares bought Share price
(rate)
Purchase price (ISK)
4.2.2019 11:26:46 100,000 402.00 40,200,000
5.2.2019 10:22:46 283,704 406.00 115,183,824
6.2.2019 09:30:13 283,704 407.50 115,609,380
7.2.2019 10:03:34 40,000 415.50 16,620,000
7.2.2019 11:00:34 50,000 427.50 21,375,000
7.2.2019 11:13:53 46,710 428.50 20,015,235
7.2.2019 11:16:10 146,994 428.50 62,986,929
8.2.2019 10:56:05 2,000 427.00 854,000
8.2.2019 11:17:12 1,080 428.00 462,240
8.2.2019 12:23:44 18,753 433.00 8,120,049
8.2.2019 12:23:44 7,600 433.00 3,290,800
8.2.2019 12:30:37 500 433.00 216,500
8.2.2019 12:57:23 53,771 434.00 23,336,614
8.2.2019 13:17:38 14,229 434.00 6,175,386
8.2.2019 13:22:49 80,000 435.00 34,800,000
8.2.2019 14:19:45 3,000 438.00 1,314,000
8.2.2019 14:26:06 102,771 438.00 45,013,698
Total   1,234,816   515,573,655

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 17,033,739 own shares prior to the notified transactions and holds 18,268,555 own shares after them, or the equivalent of 2,68% of issued shares in the company.

Marel hf. has purchased a total of 11,578,005 own shares under the buyback programme, which corresponds to 1.70% of issued shares in the company, for a total purchase price of ISK 4,506,728,962.

Buybacks 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.