Transactions in relation to a share buy-back program: Week 3

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In week 3, Marel hf. purchased 1,286,066 of its own shares, at the purchase price of ISK 504,590,608. See further details below:

 Date  Time  No. of shares bought  Share price (rate)  Purchase price (ISK)
 14.1.2019  09:49:52  200,000  388.50  77,700,000 
 14.1.2019  09:50:53  50,000  388.50  19,425,000 
 14.1.2019  09:53:50  33,704  388.50  13,094,004 
 15.1.2019  09:35:38  40,000  392.00  15,680,000 
 15.1.2019  09:35:41  100,000  392.00  39,200,000 
 15.1.2019  09:51:23  100,000  392.00  39,200,000 
 15.1.2019  09:59:17  43,704  392.00  17,131,968 
 16.1.2019  09:37:49  50,000  386.00  19,300,000 
 16.1.2019  10:24:00  50,000  388.00  19,400,000 
 16.1.2019  10:25:03  50,000  388.00  19,400,000 
 16.1.2019  12:59:41  1,250  386.00  482,500
 17.1.2019  10:22:20  100,000  393.50  39,350,000 
 17.1.2019  10:22:20  90,000  393.50  35,415,000 
 17.1.2019  10:49:37  60,858  397.50  24,191,055 
 17.1.2019  14:32:08  4,748  395.50  1,877,834 
 17.1.2019  14:54:43  28,098  395.50  11,112,759 
 18.1.2019  09:31:02  283,704  397.00  112,630,488 
 Totals    1,286,066    504,590,608


The trade is in accordance with Marel hf.’s buy-back program, 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 12,910,633 own shares prior to the announced transactions and holds 14,196,699 own shares after them, or the equivalent of 2.08% of issued shares in the company.

Marel hf. has purchased a total of 7,506,149 own shares under the buy-back program, which corresponds to 1.10% of issued shares in the company, for a total purchase price of ISK 2,860,570,933.

Buy-backs under the program will amount to a maximum of 17,305,940 million shares, or the equivalent of 2.5% of issued shares. The buy-back program 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.



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