Largest Shareholders

Published December 10, 2018

Rank Shareholder Type Shares %
1 Eyrir Invest hf. Investment company 190,366,838 27.89
2 Lífeyrissjóður verslunarmanna Pension fund 67,954,042 9.96
3 Gildi - lífeyrissjóður Pension fund 46,294,880 6.78
4 Lífeyrissjóður starfmanna ríkisins A-deild Pension fund 33,120,000 4.85
5 Birta lífeyrissjóður Pension fund 27,616,067 4.05
6 MSD Partners Luxembourg S.á.r Investment company 24,600,000 3.60
7 Stapi lífeyrissjóður Pension fund 14,803,455 2.17
8 Stefnir - ÍS 15 Asset management 14,554,474 2.13
9 Festa - lífeyrissjóður Pension fund 13,400,588 1.96
10 Frjálsi lífeyrissjóðurinn Pension fund 13,074,289 1.92
11 Stefnir - ÍS 5 Asset management 12,492,317 1.83
12 Lífeyrissjóður starfsmanna ríkisins B-deild Pension fund 12,240,600 1.79
13 Landsbankinn - safnreikningur 1 Bank - custody account 11,773,189 1.72
14 Smallcap World Fund Inc. Asset management 10,846,063 1.59
15 Almenni lífeyrissjóðurinn Pension fund 10,539,220 1.54
16 Landsbankinn hf. Bank 8,418,376 1.23
17 Lífsverk lífeyrissjóður Pension fund 7,942,601 1.16
18 Brú - lífeyrissjóður starfsmanna sveitarfélaga Pension fund 7,523,631 1.10
19 Kvika banki hf. Bank 7,425,032 1.09
20 Söfnunarsjóður lífeyrisréttinda Pension fund 6,286,994 0.92
  Top 20 total   541,254,656 79.29
  Others   134,357,011 19.68
  Marel hf.* Treasury shares 6,974,254 1.02
  Total issued shares   682,585,921 100.00
*The EGM on 22 November 2018 approved all proposals presented by the board. There were two proposals on the meeting’s agenda. The meeting approved that the Company’s share capital shall be reduced by ISK 52,983,076 nominal value, from ISK 735,568,997 to ISK 682,585,921 nominal value. The reduction will be executed by way of cancelling 52,983,076 of the Company‘s own shares of ISK 1 each, in accordance with the provisions of Act No. 2/1995 on Public Limited Companies.

The EGM also approved an authorization for the Company to initiate a formal share buyback program that complies with the provisions of the Act on Securities Transactions No. 108/2007 and appendix to Regulation on Insider Information and Market Manipulation No. 630/2005. The Company may purchase up to 34,129,296 shares in total under the program, corresponding to 5% of the share capital. For further information, please see Marel’s announcement on 22 November 2018.