Transactions in relation to a share buyback programme - week 18

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In week 18, Marel hf. purchased 1,251,556 of its own shares in Nasdaq Iceland, at the purchase price of ISK 775,945,836. See further details below:

Date

Time

No. of shares bought

Share price ISK
(rate)

Purchase price (ISK)

27.4.2020

10:11

  200.000 

  610 

  122.000.000 

27.4.2020

10:43

  300 

  607 

  182.100 

27.4.2020

10:57

  50.000 

  609 

  30.450.000 

27.4.2020

12:36

  40.000 

  610 

  24.400.000 

27.4.2020

14:37

  20.000 

  610 

  12.200.000 

28.4.2020

10:01

  50.000 

  620 

  31.000.000 

28.4.2020

11:28

  150.000 

  622 

  93.300.000 

28.4.2020

13:16

  20.000 

  622 

  12.440.000 

28.4.2020

13:18

  25.000 

  622 

  15.550.000 

28.4.2020

13:30

  65.000 

  622 

  40.430.000 

28.4.2020

14:40

  3.752 

  622 

  2.333.744 

29.4.2020

09:40

  50.000 

  620 

  31.000.000 

29.4.2020

10:13

  60.000 

  620 

  37.200.000 

29.4.2020

10:15

  25.000 

  620 

  15.500.000 

29.4.2020

10:16

  1.000 

  618 

  618.000 

29.4.2020

10:29

  9.000 

  618 

  5.562.000 

29.4.2020

10:59

  50.000 

  622 

  31.100.000 

29.4.2020

11:02

  50.000 

  622 

  31.100.000 

29.4.2020

11:44

  35.000 

  621 

  21.735.000 

29.4.2020

13:31

  33.752 

  622 

  20.993.744 

30.4.2020

10:49

  200.000 

  629 

  125.800.000 

30.4.2020

10:59

  17.000 

  625 

  10.625.000 

30.4.2020

10:59

  3.000 

  625 

  1.875.000 

30.4.2020

12:41

  16.800 

  624 

  10.483.200 

30.4.2020

13:41

  50.000 

  625 

  31.250.000 

30.4.2020

15:02

  26.952 

  624 

  16.818.048 

Total

 

   1,251,556

 

   775,945,836

 

 

 

 

 

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 17,587,828 own shares prior to the notified transactions and held 18,839,384 own shares after them, or the equivalent of 2.44% of issued shares in the company.

Marel hf. has purchased a total of 8,065,570 own shares under the buyback programme, which corresponds to 1.05% of issued shares in the company, for a total purchase price of ISK 4,415,066,934.

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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