Transactions in relation to a share buyback programme - week 20

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In week 20, Marel hf. purchased 794,151 of its own shares in Nasdaq Iceland, at the purchase price of ISK 517,642,173. See further details below:

Date

Time

No. of shares bought

Share price ISK
(rate)

Purchase price (ISK)

11.5.2020

09:54

  350 

  610 

  213.500 

11.5.2020

09:56

  5.000 

  610,0 

  3.050.000 

11.5.2020

11:59

  275 

  620,0 

  170.500 

11.5.2020

13:42

  5.000 

  622,0 

  3.110.000 

12.5.2020

11:02

  25.000 

  638,0 

  15.950.000 

12.5.2020

11:15

  27.697 

  638,0 

  17.670.686 

12.5.2020

11:30

  60.000 

  637,5 

  38.250.000 

12.5.2020

12:11

  1.020 

  635,0 

  647.700 

12.5.2020

14:06

  392 

  636,0 

  249.312 

13.5.2020

10:48

  35.000 

  653,0 

  22.855.000 

13.5.2020

10:53

  25.000 

  653,0 

  16.325.000 

13.5.2020

11:27

  2.500 

  650,0 

  1.625.000 

13.5.2020

11:35

  450 

  650,0 

  292.500 

13.5.2020

11:48

  10.000 

  650,0 

  6.500.000 

13.5.2020

11:56

  1.694 

  650,0 

  1.101.100 

13.5.2020

12:43

  5.356 

  650,0 

  3.481.400 

13.5.2020

13:02

  6.000 

  650,0 

  3.900.000 

13.5.2020

13:13

  3.900 

  650,0 

  2.535.000 

14.5.2020

09:39

  2.500 

  655,0 

  1.637.500 

14.5.2020

10:00

  40.100 

  657,0 

  26.345.700 

14.5.2020

10:51

  40.000 

  658,0 

  26.320.000 

14.5.2020

10:54

  12.500 

  656,0 

  8.200.000 

14.5.2020

11:23

  26.000 

  653,0 

  16.978.000 

14.5.2020

11:39

  25.000 

  653,0 

  16.325.000 

14.5.2020

12:33

  60 

  652,0 

  39.120 

14.5.2020

12:57

  60.237 

  652,0 

  39.274.524 

14.5.2020

13:48

  19.940 

  653,0 

  13.020.820 

14.5.2020

14:21

  20.000 

  653,0 

  13.060.000 

14.5.2020

14:25

  50.000 

  653,0 

  32.650.000 

15.5.2020

09:38

  20.000 

  655 

  13.100.000 

15.5.2020

10:05

  40.000 

  657 

  26.280.000 

15.5.2020

10:47

  48.337 

  658 

  31.805.746 

15.5.2020

11:54

  27.300 

  658 

  17.963.400 

15.5.2020

12:16

  25.000 

  658 

  16.450.000 

15.5.2020

12:46

  31.900 

  655 

  20.894.500 

15.5.2020

13:47

  35.643 

  655 

  23.346.165 

15.5.2020

13:49

  25.000 

  655 

  16.375.000 

15.5.2020

15:25

  30.000 

  655 

  19.650.000 

Total

 

  794,151

 

   517,642,173

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 18,195,659 own shares prior to the notified transactions and held 18,989,810 own shares after them, or the equivalent of 2.46% of issued shares in the company.

Marel hf. has purchased a total of 10,240,996 own shares under the buyback programme, which corresponds to 1.33% of issued shares in the company, for a total purchase price of ISK 5,769,635,809.

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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