Marel Food Systems hf. has entered into a market-making agreement with New Glitnir bank hf. (Glitnir) for the company's issued shares. The purpose of market making is to facilitate trading in the company's shares on the Nasdaq OMX Nordic Exchange Iceland (the Exchange). Glitnir is committed to making daily bid and ask offers on the Exchange for shares in Marel Food Systems (MARL) for a minimum of ISK 200.000 at nominal value at a price which Glitnir determines at all times. The maximum bid-ask spread shall not exceed 1,5% and the deviation from the last transaction price shall not exceed 3%. The maximum aggregated market value of total trades that Glitnir is committed to buy or sell each day is ISK 50.000.000. The agreement is effective as of today and is terminable with two weeks notice.
Marel Food Systems hf. enters into a market making agreement with New Glitnir bank hf.
| Source: Marel hf.