Transactions in relation to a share buyback programme - week 13

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In week 13, Marel hf. purchased 1,390,950 of its own shares in Nasdaq Iceland, at the purchase price of ISK 716,838,498. See further details below:

Date

Time

No. of shares bought

Share price ISK
(rate)

Purchase price (ISK)

23.3.2020

09:36

10.000

  501 

  5.010.000 

23.3.2020

09:39

44.077

  501 

  22.082.577 

23.3.2020

09:44

20.000

  497 

  9.940.000 

23.3.2020

09:49

2.371

  487 

  1.154.677 

23.3.2020

09:59

2.650

  487 

  1.290.550 

23.3.2020

11:37

1.500

  491 

  736.500 

23.3.2020

11:40

3.285

  491 

  1.612.935 

23.3.2020

12:32

50.000

  491 

  24.550.000 

23.3.2020

13:49

21.137

  491 

  10.378.267 

23.3.2020

14:49

50.000

  491 

  24.550.000 

23.3.2020

15:01

50.000

  491 

  24.550.000 

23.3.2020

15:15

15.000

  491 

  7.365.000 

23.3.2020

15:18

40.000

  491 

  19.640.000 

24.3.2020

09:44

30.000

  493 

  14.790.000 

24.3.2020

10:09

50.000

  495 

  24.750.000 

24.3.2020

10:33

50.000

  500 

  25.000.000 

24.3.2020

10:56

50.000

  500 

  25.000.000 

24.3.2020

13:35

23.110

  501 

  11.578.110 

24.3.2020

13:37

40.000

  501 

  20.040.000 

24.3.2020

14:35

50.000

  501 

  25.050.000 

24.3.2020

15:00

4.000

  501 

  2.004.000 

24.3.2020

15:00

1.000

  501 

  501.000 

24.3.2020

15:19

15.642

  498 

  7.789.716 

25.3.2020

10:17

50.000

  510 

  25.500.000 

25.3.2020

10:41

50.000

  510 

  25.500.000 

25.3.2020

11:09

20.000

  513 

  10.260.000 

25.3.2020

11:19

900

  505 

  454.500 

25.3.2020

12:20

10.000

  509 

  5.090.000 

25.3.2020

13:04

25.000

  510 

  12.750.000 

25.3.2020

13:53

50.000

  510 

  25.500.000 

25.3.2020

14:31

50.000

  510 

  25.500.000 

25.3.2020

15:16

50.000

  512 

  25.600.000 

26.3.2020

09:56

50.000

  523 

  26.150.000 

26.3.2020

10:14

50.000

  523 

  26.150.000 

26.3.2020

12:23

50.000

  523 

  26.150.000 

26.3.2020

12:59

40.000

  523 

  20.920.000 

26.3.2020

14:30

15.000

  535 

  8.025.000 

27.3.2020

09:43

50.000

  563 

  28.150.000 

27.3.2020

09:45

26.975

  563 

  15.186.925 

27.3.2020

10:25

50.000

  570 

  28.500.000 

27.3.2020

10:27

10.000

  570 

  5.700.000 

27.3.2020

11:12

30.000

  566 

  16.980.000 

27.3.2020

11:41

20.000

  565 

  11.300.000 

27.3.2020

13:52

25.000

  552 

  13.800.000 

27.3.2020

13:53

15.000

  552 

  8.280.000 

27.3.2020

14:50

9.093

  547 

  4.973.871 

27.3.2020

15:17

210

  547 

  114.870 

27.3.2020

15:23

20.000

  547 

  10.940.000 

Total

 

  1,390,950

 

  716,838,498

The trade is in accordance with Marel’s buyback programme, announced on Nasdaq Iceland 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 13,250,109 own shares prior to the notified transactions and holds 14,641,059 own shares after them, or the equivalent of 1.90% of issued shares in the company.

Marel hf. has purchased a total of 3,867,245 own shares under the buyback programme, which corresponds to 0.50% of issued shares in the company, for a total purchase price of ISK 1,937,206,196.

Buybacks under the programme will amount to a maximum of 25,000,000 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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