Transactions in relation to a share buyback programme - week 17

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In week 17, Marel hf. purchased 857,576 of its own shares in Nasdaq Iceland, at the purchase price of ISK 517,789,248. See further details below:

Date

Time

No. of shares bought

Share price ISK
(rate)

Purchase price (ISK)

20.4.2020

09:40

  20.000 

  600 

  12.000.000 

20.4.2020

10:38

  573 

  597 

  342.081 

20.4.2020

10:49

  50 

  597 

  29.850 

20.4.2020

12:27

  50 

  597 

  29.850 

20.4.2020

12:54

  39.327 

  597 

  23.478.219 

20.4.2020

13:03

  20.000 

  597 

  11.940.000 

20.4.2020

13:05

  10.000 

  596 

  5.960.000 

20.4.2020

13:09

  7.600 

  595 

  4.522.000 

20.4.2020

13:12

  833 

  595 

  495.635 

20.4.2020

13:25

  31.567 

  595 

  18.782.365 

20.4.2020

13:30

  250 

  590 

  147.500 

20.4.2020

13:32

  580 

  590 

  342.200 

20.4.2020

14:41

  4.205 

  590 

  2.480.950 

20.4.2020

14:51

  50.000 

  594,5 

  29.725.000 

21.4.2020

09:30

  40.000 

  588,0 

  23.520.000 

21.4.2020

09:32

  10.000 

  588,0 

  5.880.000 

21.4.2020

09:36

  50.000 

  588,0 

  29.400.000 

21.4.2020

13:18

  150 

  600,0 

  90.000 

21.4.2020

14:14

  1.000 

  598,0 

  598.000 

21.4.2020

15:24

  12.499 

  598,0 

  7.474.402 

22.4.2020

10:29

  50.000 

  609,0 

  30.450.000 

22.4.2020

10:36

  100.000 

  611,0 

  61.100.000 

22.4.2020

10:39

  10.000 

  610,0 

  6.100.000 

22.4.2020

11:32

  100.000 

  609,0 

  60.900.000 

22.4.2020

12:42

  11.235 

  608 

  6.830.880 

22.4.2020

13:05

  8.765 

  608 

  5.329.120 

22.4.2020

13:05

  4.044 

  607 

  2.454.708 

22.4.2020

13:46

  15.956 

  607 

  9.685.292 

22.4.2020

13:52

  13.752 

  608 

  8.361.216 

24.4.2020

09:45

  665 

  607 

  403.655 

24.4.2020

10:48

  100.000 

  608 

  60.800.000 

24.4.2020

13:28

  50.000 

  611 

  30.550.000 

24.4.2020

14:23

  50.000 

  610 

  30.500.000 

24.4.2020

14:34

  30.000 

  610 

  18.300.000 

24.4.2020

14:35

  14.300 

  607 

  8.680.100 

24.4.2020

14:48

  175 

  607 

  106.225 

Total

 

   857,576

 

  517,789,248

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 16,730,252 own shares prior to the notified transactions and holds 17,587,828 own shares after them, or the equivalent of 2.28% of issued shares in the company.

Marel hf. has purchased a total of 6,814,014 own shares under the buyback programme, which corresponds to 0.88% of issued shares in the company, for a total purchase price of ISK 3,639,121,098.

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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