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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.
For further information, please contact Tinna Molphy or Marinó Thór Jakobsson via email IR@marel.com or tel. +354 563 8001.