Transactions in relation to a share buyback programme - week 19

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In week 19, Marel hf. purchased 1,381,275 of its own shares in Nasdaq Iceland, at the purchase price of ISK 836,926,702. See further details below:

Date

Time

No. of shares bought

Share price ISK
(rate)

Purchase price (ISK)

4.5.2020

09:42

50.000

  621 

  31.050.000 

4.5.2020

09:43

50.000

  621 

  31.050.000 

4.5.2020

09:44

50.000

  621 

  31.050.000 

4.5.2020

09:52

50.000

  621 

  31.050.000 

4.5.2020

10:46

100.000

  621 

  62.100.000 

4.5.2020

10:51

13.752

  621 

  8.539.992 

5.5.2020

10:31

50.000

  590 

  29.500.000 

5.5.2020

11:08

50.000

  590 

  29.500.000 

5.5.2020

11:35

50.000

  590 

  29.500.000 

5.5.2020

12:32

25.000

  590 

  14.750.000 

5.5.2020

13:47

100.000

  600 

  60.000.000 

6.5.2020

09:30

50.000

  603 

  30.150.000 

6.5.2020

09:32

25.000

  603 

  15.075.000 

6.5.2020

09:54

50.000

  601 

  30.050.000 

6.5.2020

09:58

20.000

  601 

  12.020.000 

6.5.2020

10:29

50.000

  597,5 

  29.875.000 

6.5.2020

13:27

50.000

  596 

  29.800.000 

6.5.2020

13:51

60.000

  600 

  36.000.000 

7.5.2020

09:31

50.000

  605 

  30.250.000 

7.5.2020

09:44

50.000

  607 

  30.350.000 

7.5.2020

10:01

50.000

  606 

  30.300.000 

7.5.2020

10:27

50.000

  605 

  30.250.000 

7.5.2020

11:17

50.000

  605 

  30.250.000 

7.5.2020

15:05

50.000

  605 

  30.250.000 

7.5.2020

15:29

369

  596 

  219.924 

8.5.2020

10:48

50.000

  609 

  30.450.000 

8.5.2020

10:57

50.000

  609 

  30.450.000 

8.5.2020

11:17

10.000

  609 

  6.090.000 

8.5.2020

11:47

50.000

  609 

  30.450.000 

8.5.2020

12:13

20.000

  610 

  12.200.000 

8.5.2020

13:22

4.834

  609 

  2.943.906 

8.5.2020

14:45

2.050

  609 

  1.248.450 

8.5.2020

15:22

270

  609 

  164.430 

Total

 

1,381,275

 

   836,926,702

 

 

 

 

 

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 18,839,384 own shares prior to the notified transactions and held 18,195,290 own shares after them, taking into account sale of own shares to fulfil conditions of stock option agreements as published on 4 May, or the equivalent of 2.36% of issued shares in the company.

Marel hf. has purchased a total of 9,446,845 own shares under the buyback programme, which corresponds to 1.23% of issued shares in the company, for a total purchase price of ISK 5,251,993,636.

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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