Marel - Transactions in relation to a share buyback programme - repurchase is completed
Notification of purchase of own shares under buyback programme – repurchase is completed
In week 10, Marel hf. purchased 567,408 its own shares, at the purchase price of ISK 282,270,969. See further details below:
| Date | Time | No. of shares bought | Share price (rate) | Purchase price (ISK) |
| 4.3.2019 | 09:37:56 | 100,000 | 495.00 | 49,500,000 |
| 4.3.2019 | 09:39:17 | 7,950 | 495.00 | 3,935,250 |
| 4.3.2019 | 10:38:44 | 50,000 | 497.00 | 24,850,000 |
| 4.3.2019 | 14:17:27 | 6,680 | 497.00 | 3,319,960 |
| 4.3.2019 | 14:51:57 | 4,020 | 497.50 | 1,999,950 |
| 4.3.2019 | 14:53:08 | 115,054 | 497.50 | 57,239,365 |
| 5.3.2019 | 13:24:14 | 16,715 | 498.50 | 8,332,428 |
| 5.3.2019 | 13:24:14 | 500 | 498.50 | 249,250 |
| 5.3.2019 | 13:24:14 | 20,000 | 498.50 | 9,970,000 |
| 5.3.2019 | 13:34:34 | 62,785 | 498.50 | 31,298,323 |
| 5.3.2019 | 14:52:32 | 100,000 | 498.50 | 49,850,000 |
| 5.3.2019 | 14:53:57 | 10,000 | 498.50 | 4,985,000 |
| 5.3.2019 | 14:54:39 | 73,704 | 498.50 | 36,741,444 |
| Total | 567,408 | 282,270,969 |
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 22,290,411 own shares prior to the notified transactions and holds 22,857,819 own shares after them, or the equivalent of 3.35% of issued shares in the company.
The repurchase is completed. Marel hf. has purchased a total of 16,167,269 own shares under the buyback programme, which corresponds to 2.37% of issued shares in the company, for a total purchase price of ISK 6,671,781,709. Marel owns 3.35% of total issued shares, but total issued shares in the company are 682,585,921. Buybacks allowed under the programme amounted to a maximum of 17,305,940 million shares, or the equivalent of 2.5% of issued shares. The buyback programme was in effect from 4 December 2018 until and including 5 March 2019. The repurchasing period is hence over.
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.
Further information:
Tinna Molphy, Manager in Investor Relations, and Marino Þór Jakobsson, Investor Relations Analyst via or tel: (+354) 563 8001.
