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:

DateTimeNo. of shares boughtShare price ISK
(rate)
Purchase price (ISK)
4.5.202009:4250.000  621   31.050.000 
4.5.202009:4350.000  621   31.050.000 
4.5.202009:4450.000  621   31.050.000 
4.5.202009:5250.000  621   31.050.000 
4.5.202010:46100.000  621   62.100.000 
4.5.202010:5113.752  621   8.539.992 
5.5.202010:3150.000  590   29.500.000 
5.5.202011:0850.000  590   29.500.000 
5.5.202011:3550.000  590   29.500.000 
5.5.202012:3225.000  590   14.750.000 
5.5.202013:47100.000  600   60.000.000 
6.5.202009:3050.000  603   30.150.000 
6.5.202009:3225.000  603   15.075.000 
6.5.202009:5450.000  601   30.050.000 
6.5.202009:5820.000  601   12.020.000 
6.5.202010:2950.000  597,5   29.875.000 
6.5.202013:2750.000  596   29.800.000 
6.5.202013:5160.000  600   36.000.000 
7.5.202009:3150.000  605   30.250.000 
7.5.202009:4450.000  607   30.350.000 
7.5.202010:0150.000  606   30.300.000 
7.5.202010:2750.000  605   30.250.000 
7.5.202011:1750.000  605   30.250.000 
7.5.202015:0550.000  605   30.250.000 
7.5.202015:29369  596   219.924 
8.5.202010:4850.000  609   30.450.000 
8.5.202010:5750.000  609   30.450.000 
8.5.202011:1710.000  609   6.090.000 
8.5.202011:4750.000  609   30.450.000 
8.5.202012:1320.000  610   12.200.000 
8.5.202013:224.834  609   2.943.906 
8.5.202014:452.050  609   1.248.450 
8.5.202015:22270  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.