Name: Marel hf.
Date of transaction: 05.11.2019
Buy or sell: Sell
Type of instrument: Equities
Number of shares: 353.000
Price: 199,16 ISK
Primary insider's holdings after the transaction: 10.773.814
Date of settlement:
Reason for transaction: Transaction to fulfill obligations of stock option agreements.
For further information, please contact Marel Investor Relations via email IR@marel.com or tel. +354 563 8001.
Marel (NASDAQ: MAREL; AEX: MAREL) is a leading global provider of advanced food processing equipment, systems, software and services to the poultry, meat and fish industries. Our united team of more than 6,000 employees in over 30 countries delivered EUR 1.2 billion in revenues in 2018 and operated at a 14.6% EBIT margin. Annually, Marel invests around 6% of revenues in innovation which translated to EUR 74 million in 2018.
By continuously advancing food processing, we enable our customers to increase yield and throughput, ensure food safety and traceability, and improve sustainability in food production. Listed on NASDAQ Iceland since 1992, Marel had a public offering and listing of 15% of its shares on Euronext Amsterdam in June 2019.