Notification of purchase of own shares under buyback programme

In week 6, Marel hf. purchased 1,234,816 of its own shares, at the purchase price of ISK 515,573,655. See further details below:

DateTimeNo. of shares boughtShare price
(rate)		Purchase price (ISK)
4.2.201911:26:46100,000402.0040,200,000
5.2.201910:22:46283,704406.00115,183,824
6.2.201909:30:13283,704407.50115,609,380
7.2.201910:03:3440,000415.5016,620,000
7.2.201911:00:3450,000427.5021,375,000
7.2.201911:13:5346,710428.5020,015,235
7.2.201911:16:10146,994428.5062,986,929
8.2.201910:56:052,000427.00854,000
8.2.201911:17:121,080428.00462,240
8.2.201912:23:4418,753433.008,120,049
8.2.201912:23:447,600433.003,290,800
8.2.201912:30:37500433.00216,500
8.2.201912:57:2353,771434.0023,336,614
8.2.201913:17:3814,229434.006,175,386
8.2.201913:22:4980,000435.0034,800,000
8.2.201914:19:453,000438.001,314,000
8.2.201914:26:06102,771438.0045,013,698
Total 1,234,816 515,573,655

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 17,033,739 own shares prior to the notified transactions and holds 18,268,555 own shares after them, or the equivalent of 2,68% of issued shares in the company.

Marel hf. has purchased a total of 11,578,005 own shares under the buyback programme, which corresponds to 1.70% of issued shares in the company, for a total purchase price of ISK 4,506,728,962.

Buybacks under the programme will amount to a maximum of 17,305,940 million shares, or the equivalent of 2.5% of issued shares. The buyback programme is in effect from 4 December 2018 until and including 5 March 2019.

The buyback 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.