Transactions in relation to a share buyback programme: week 7

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In week 7, Marel hf. purchased 1,418,520 of its own shares, at the purchase price of ISK 634,823,448. See further details below:

Date Time No. of shares bought Share price (rate) Purchase price (ISK)    
11.2.2019 10:56:41   600  436.50   261,900 
11.2.2019 13:32:42   14,267  443.50   6,327,414 
11.2.2019 14:56:22   268,837  442.00   118,825,954 
12.2.2019 09:32:19   283,704  444.50   126,106,428 
13.2.2019 09:31:20   283,704  444.00   125,964,576 
14.2.2019 11:21:38   50,000  448.00   22,400,000 
14.2.2019 11:24:25   50,000  448.00   22,400,000 
14.2.2019 13:30:27   180,000  448.50   80,730,000 
14.2.2019 13:32:16   3,704  448.50   1,661,244 
15.2.2019 13:19:24   100,000  461.50   46,150,000 
15.2.2019 13:21:53    41,256  461.50   19,039,644 
15.2.2019 13:37:51   142,448  456.00   64,956,288 
 Total     1,418,520      634,823,448 

The trade is in accordance with Marel's buyback programme, announced by Nasdaq Iceland on 3 December 2018, and based on the authorisation of a shareholders’ meeting of Marel hf. on 22 November 2018.

Marel hf. held 18,268,555 own shares prior to the notified transactions and holds 19,687,075 own shares after them, or the equivalent of 2.88% of issued shares in the company.

Marel hf. has purchased a total of 12,996,525 own shares under the buyback programme, which corresponds to 1.90% of issued shares in the company, for a total purchase price of ISK 5,141,552,410.

Buybacks under the programme will amount to a maximum of 17,305,940 million shares, or the equivalent of 2.5% of issued shares. The buyback programme is in effect from 4 December 2018 until and including 5 March 2019.

The buyback programme was executed in accordance with Chapter VIII. of Act No. 2/1995 on Public Limited Companies and Chapter II of the Annex to Regulation No. 630/2005 on Inside Information and Market Abuse, “Trade in own shares under buy-back programmes and the stabilisation of financial instruments”, with later amendments.

Investor relations

For further information, please contact Tinna Molphy or Marinó Thór Jakobsson via email IR@marel.com or tel. +354 563 8001.

 


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