The non-binding proposal, explicitly expressed not to be a legally binding commitment, states that in the event a voluntary takeover offer would be submitted in the future, it would be subject to various conditions. The non-binding proposal includes an irrevocable undertaking from Eyrir Invest hf., which holds 24.7% of the shares in Marel, to accept such an offer should it be submitted.
Marel will review the non-binding proposal with due care and process to assess its merits, consistent with the long-term interests of the company and all shareholders. At this time, there is no certainty whether the non-binding proposal will lead to a binding offer, or the terms on which such an offer might be made.
Marel will update the market in a timely manner regarding any material developments, consistent with its statutory disclosure obligations.
For further information, please contact Marel Investor Relations via email firstname.lastname@example.org or tel. +354 563 8001.