Notification of purchase of own shares under share buy-back programme
In week 49, Marel hf. purchased 851,112 own shares, at the purchase price of ISK 336,543,870. See further details below:
| Date | Time | No. of shares bought | Share price (rate) | Purchase price (ISK) |
| 5.12.2018 | 09:37:58 | 140,500 | 402,00 | 56,481,000 |
| 5.12.2018 | 09:40:35 | 143,204 | 402,00 | 57,568,008 |
| 6.12.2018 | 09:31:27 | 100,000 | 395,25 | 39,525,000 |
| 6.12.2018 | 09:37:41 | 100,000 | 395,25 | 39,525,000 |
| 6.12.2018 | 09:55:49 | 83,704 | 395,25 | 33,084,006 |
| 7.12.2018 | 12:07:04 | 283,704 | 389,00 | 110,360,856 |
| Total | 851,112 | 336,543,870 |
The trade is in accordance with Marel's buy-back programme, announced to the market on 3 December 2018, and based on the authorisation of a shareholders’ meeting of Marel hf. on 22 November 2018.
Marel hf. held 6,690,550 own shares prior to the share buy-back programme and holds 7,541,662 own shares after the week's transactions, or the equivalent of 1.10% of issued shares in the company.
Marel hf. has purchased a total of 851,112 own shares under the buy-back programme, which corresponds to 0.12% of issued shares in the company, for a total purchase price of ISK 336,543,870 kr.
Buy-backs under the programme will amount to a maximum of 17,305,940 million shares, or the equivalent of 2.5% of issued shares. The buy-back programme is in effect from 4 December 2018 until and including 5 March 2019.
The buy-back program 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 IR@marel.com or tel: (+354) 563 8001.