Transactions in relation to a share buyback programme

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In week 12, Marel hf. purchased 1,536,921 of its own shares in Nasdaq Iceland, at the purchase price of ISK 750,276,860. See further details below:

Date

Time

No. of shares bought

Share price ISK
(rate)

Purchase price (ISK)

16.3.2020

09:30

  50.000 

  490 

  24.500.000 

16.3.2020

09:38

  50.000 

  480 

  24.000.000 

16.3.2020

09:53

  50.000 

  480 

  24.000.000 

16.3.2020

10:18

  25.709 

  471 

  12.108.939 

16.3.2020

10:18

  10.400 

  471 

  4.898.400 

16.3.2020

10:18

  13.891 

  471 

  6.542.661 

16.3.2020

11:37

  30.000 

  473 

  14.190.000 

16.3.2020

13:33

  5.800 

  471 

  2.731.800 

16.3.2020

13:46

  7.952 

  471 

  3.745.392 

16.3.2020

15:13

  50.000 

  472 

  23.600.000 

16.3.2020

15:23

  20.000 

  472 

  9.440.000 

17.3.2020

09:30

  3.495 

  470 

  1.642.650 

17.3.2020

09:32

  50.000 

  470 

  23.500.000 

17.3.2020

09:58

  50.000 

  471 

  23.550.000 

17.3.2020

11:14

  50.000 

  475 

  23.750.000 

17.3.2020

13:44

  50.000 

  477 

  23.850.000 

17.3.2020

14:18

  50.000 

  477 

  23.850.000 

17.3.2020

14:42

  30.000 

  477 

  14.310.000 

17.3.2020

15:08

  30.257 

  477 

  14.432.589 

18.3.2020

09:30

  29.600 

  465 

  13.764.000 

18.3.2020

09:31

  268 

  465 

  124.620 

18.3.2020

09:35

  50.000 

  465 

  23.250.000 

18.3.2020

10:18

  20.132 

  465 

  9.361.380 

18.3.2020

10:23

  2.489 

  462 

  1.149.918 

18.3.2020

10:39

  50.000 

  470 

  23.500.000 

18.3.2020

11:26

  50.000 

  473 

  23.650.000 

18.3.2020

14:47

  50.000 

  479 

  23.950.000 

18.3.2020

14:58

  50.000 

  479 

  23.950.000 

18.3.2020

15:15

  11.263 

  477 

  5.372.451 

19.3.2020

09:30

  26.995 

  490 

  13.227.550 

19.3.2020

09:40

  63.906 

  490 

  31.313.940 

19.3.2020

09:47

  40.000 

  490 

  19.600.000 

19.3.2020

11:32

  50.000 

  495 

  24.750.000 

19.3.2020

13:05

  80.000 

  498 

  39.840.000 

19.3.2020

13:42

  21.630 

  494 

  10.685.220 

20.3.2020

10:09

  50.000 

  520 

  26.000.000 

20.3.2020

10:30

  100.000 

  525 

  52.500.000 

20.3.2020

11:01

  50.000 

  525 

  26.250.000 

20.3.2020

13:48

  13.134 

  525 

  6.895.350 

20.3.2020

13:54

  50.000 

  525 

  26.250.000 

20.3.2020

15:24

  50.000 

  525 

  26.250.000 

Total

 

  1,536,921

 

  750,276,860

The trade is in accordance with Marel’s buyback programme, announced on 10 March 2020, and based on the authorisation of Marel hf.´s Annual General Meeting regarding the purchase of own shares on 6 March 2019, as renewed at Marel hf.’s Annual General Meeting on 18 March 2020.

Marel hf. held 11,713,188 own shares prior to the notified transactions and holds 13,250,109 own shares after them, or the equivalent of 1.72% of issued shares in the company.

Marel hf. has purchased a total of 2,476,295 own shares under the buyback programme, which corresponds to 0.32% of issued shares in the company, for a total purchase price of ISK 1,220,367,698.

Buybacks under the programme will amount to a maximum of 25,000,000 million shares, or the equivalent of 3.2% of issued shares. The buyback programme is in effect from 11 March 2020 until and including 4 September 2020.

The buyback programme is executed in accordance with Chapter VIII. of the Icelandic Act No. 2/1995 on Public Limited Companies, the Icelandic Act on Securities Transactions No. 108/2007, Chapter II of the Annex to Icelandic Regulation No. 630/2005 on Inside Information and Market Abuse, Regulation No. 596/2014 of the European Parliament and of the Council on market abuse ("MAR"), and the Commission’s delegated regulation 2016/1052.

Investor Relations

For further information, please contact Marel Investor Relations via email IR@marel.com and tel. +354 563 8001.

About Marel

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 6,300 employees in over 30 countries delivered around EUR 1.3 billion in revenues in 2019. Annually, Marel invests around 6% of revenues in innovation. By continuously transforming food processing, we enable our customers to increase yield and throughput, ensure food safety and improve sustainability in food production. Marel was listed on NASDAQ Iceland in 1992 and dual-listed on Euronext Amsterdam in June 2019.


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