Marel: Transactions in relation to a share buyback program
01 August 2022 - 2:00PM
Marel: Transactions in relation to a share buyback program
During the days 23 - 29 July 2022 Marel hf.
purchased 24,787 of its own shares on Euronext Amsterdam at the
purchase price of EUR 107,878. See further details in attachment
and on Marel’s website: marel.com/buyback
The trade is in accordance with Marel’s buyback
program on Euronext Amsterdam, announced on 1 June 2022, which is
based on the authorization of Marel hf.´s Annual General Meeting
regarding the purchase of own shares on 16 March 2022.
Marel hf. held 18,096,367 own shares prior to
the notified transactions or the equivalent to 2.35% of issued
shares in the company and held 18,121,154 own shares after the
transactions, or the equivalent of 2.35% of issued shares in the
company.
Marel hf. has purchased a total of 4,000,000 own
shares under the buyback program on Nasdaq Iceland, which has now
been discontinued, for a total purchase price of ISK 2,393,302,556
and a total of 416,704 own shares under the buyback program on
Euronext Amsterdam for a total purchase price of EUR 1,848,804.
Buybacks under both programs will amount to a
total maximum of 5,000,000 shares, thereof 4,000,000 on Nasdaq
Iceland and 1,000,000 on Euronext Amsterdam, or the equivalent of
total 0.65% of issued shares. The maximum total purchase price of
the program on Euronext Amsterdam is up to EUR 5,590,000. The
buyback program on Nasdaq Iceland was in effect from 1 June 2022
and was discontinued after 1 July 2022, when the maximum number of
shares to be purchased was reached. The buyback program on Euronext
Amsterdam is in effect from 2 June 2022 until and including 2
September 2022.
The buyback program is executed in accordance
with Chapter VIII. of the Icelandic Act No. 2/1995 on Public
Limited Companies, Regulation No. 596/2014 of the European
Parliament and of the Council on market abuse ("MAR"), and the
Commission’s delegated regulation 2016/1052 cf. also Icelandic Act
No. 6/2021 on measures against Market Abuse.
Investor relations
For further information, please contact Marel
Investor Relations via email ir@marel.com or 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. In
line with its 2017- 2026 growth strategy, Marel has gradually
expanded its business model into adjacent industries, where most
recently the acquisition of Wenger has added a fourth pillar
focused on pet food, plant-based protein and aqua feed. Our united
team of over 7,500 employees in over 6 continents delivered EUR 1.4
billion in revenues in 2021. 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. For further
information, please visit marel.com/ir.
- Marel share buy-back 2022 - Transaction history 29 July
2022
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