Transactions in relation to a share buyback programme - week 16

Abstract (7).jpg

In week 16, Marel hf. purchased 523,750 of its own shares in Nasdaq Iceland, at the purchase price of ISK 313,763,000. See further details below:

Date

Time

No. of shares bought

Share price ISK
(rate)

Purchase price (ISK)

14.4.2020

10:47

  2.500 

  589 

  1.472.500 

14.4.2020

11:10

  7.000 

  593 

  4.151.000 

14.4.2020

14:36

  1.500 

  593 

  889.500 

15.4.2020

10:29

  150.000 

  598 

  89.700.000 

15.4.2020

11:10

  2.500 

  593 

  1.482.500 

15.4.2020

11:44

  20.000 

  603 

  12.060.000 

15.4.2020

14:24

  20.000 

  599 

  11.980.000 

15.4.2020

15:24

  1.562 

  598 

  934.076 

16.4.2020

11:14

  50.000 

  598 

  29.900.000 

16.4.2020

13:00

  20.000 

  600 

  12.000.000 

16.4.2020

13:05

  20.000 

  600 

  12.000.000 

17.4.2020

11:05

  10.000 

  600 

  6.000.000 

17.4.2020

11:26

  238 

  598 

  142.324 

17.4.2020

11:55

  7.270 

  598 

  4.347.460 

17.4.2020

12:33

  270 

  598 

  161.460 

17.4.2020

14:20

  1.910 

  598 

  1.142.180 

17.4.2020

14:34

  10.000 

  600 

  6.000.000 

17.4.2020

14:36

  100.000 

  600 

  60.000.000 

17.4.2020

15:01

  50.000 

  600 

  30.000.000 

17.4.2020

15:02

  49.000 

  600 

  29.400.000 

Total

 

   523,750

 

  313,763,000

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 16,206,502 own shares prior to the notified transactions and holds 16,730,252 own shares after them, or the equivalent of 2.17% of issued shares in the company.

Marel hf. has purchased a total of 5,956,438 own shares under the buyback programme, which corresponds to 0.77% of issued shares in the company, for a total purchase price of ISK 3,121,331,850.

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.


Get in touch

Our dedicated team is here to help and answer any questions you may have. Please complete the form, and we’ll get back to you as soon as possible. We look forward to hearing from you.