|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||578.10 - 578.10|
|52-week range||578.10 - 578.10|
|Beta (5Y monthly)||0.21|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
On 12 March, Kvika banki and Íslandsbanki as market makers for Marel on Nasdaq Iceland notified Marel that in light of unusual circumstances in the financial markets they reserved the right to deviate from the market making agreements concerning prices and spread while such circumstances are in place. Kvika banki and Íslandsbanki have now notified Marel that the circumstances no longer call for deviation from the agreements and in light of this the provisions concerning prices and spread will be reactivated.Investor RelationsFor further information, please contact Marel Investor Relations via email IR@marel.com and tel. +354 563 8001.About MarelMarel (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.
In week 22, Marel hf. purchased 1,185,468 of its own shares in Nasdaq Iceland, at the purchase price of ISK 841,209,936. See further details below:DateTimeNo. of shares boughtShare price ISK (rate)Purchase price (ISK) 25.5.202013:38 100.000 711 71.100.000 25.5.202014:54 30.000 714 21.420.000 26.5.202010:24 25.000 730 18.250.000 26.5.202010:25 30.964 730 22.603.720 26.5.202011:40 50.000 728 36.400.000 26.5.202013:45 9.109 720 6.558.480 26.5.202013:54 50.000 723 36.150.000 26.5.202014:15 5.891 720 4.241.520 26.5.202015:01 10.000 720 7.200.000 26.5.202015:16 20.000 718 14.360.000 26.5.202015:17 50.000 718 35.900.000 26.5.202015:21 50.000 718 35.900.000 27.5.202009:34 50.000 718 35.900.000 27.5.202009:40 37.480 718 26.910.640 27.5.202009:47 50.000 718 35.900.000 27.5.202009:52 50.000 716 35.800.000 27.5.202009:53 50.000 714 35.700.000 27.5.202010:05 50.000 714 35.700.000 27.5.202010:18 25.000 714 17.850.000 27.5.202014:59 200 713 142.600 27.5.202015:10 1.072 713 764.336 28.5.202009:34 10.000 702 7.020.000 28.5.202009:41 2.860 700 2.002.000 28.5.202009:42 7.140 700 4.998.000 28.5.202009:49 50.000 703 35.150.000 28.5.202010:27 50.000 703 35.150.000 28.5.202010:46 100.000 703 70.300.000 28.5.202010:54 25.000 700 17.500.000 28.5.202011:05 1.040 700 728.000 28.5.202011:09 500 700 350.000 28.5.202011:14 18.460 700 12.922.000 28.5.202011:20 45.000 695 31.275.000 28.5.202011:51 3.470 695 2.411.650 28.5.202013:22 282 695 195.990 29.5.202009:34 50.000 682,5 34.125.000 29.5.202009:43 50.000 679 33.950.000 29.5.202010:06 15.000 679 10.185.000 29.5.202011:13 12.000 683 8.196.000 Total 1,185,468 841,209,936 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 19,832,499 own shares prior to the notified transactions and held 21,017,967 own shares after them, or the equivalent of 2.73% of issued shares in the company.Marel hf. has purchased a total of 12,269,153 own shares under the buyback programme, which corresponds to 1.59% of issued shares in the company, for a total purchase price of ISK 7,176,958,341.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 RelationsFor further information, please contact Marel Investor Relations via email IR@marel.com and tel. +354 563 8001.About MarelMarel (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.
Viðskipti með eigin fjármálagerninga/ transaction in own financial instrumentsNafn/Name: Marel hf.Dagsetning viðskipta/Date of transaction: 4.5.2020Kaup eða sala/Buy or Sell: Sala/SellTegund fjármálagernings/Type of instrument: Hlutabréf/EquitiesFjöldi hluta/Number of shares: 2.025.000Gengi/Verð pr. Hlut/Price: 260,72Fjöldi hluta eftir viðskipti/Primary insider's holdings after the transaction: 17.128.136Dagsetning lokauppgjörs/Date of settlement:Ástæður viðskipta/Reason for transaction: Viðskiptin eru til að mæta skilyrðum um framkvæmd kaupréttarsamninga / Transaction to fulfill obligations of stock option agreements.
The Board of Directors of Marel hf. resolved on 24 April to grant to employees up to 6,115,000 shares through stock option agreements, thereof 2,420,000 to the Executive Team. The stock options will be granted to the Executive Team and to selected employees in strategic positions.The aim of the stock option agreements is to align long-term interests of employees and of the Company. The key terms and conditions of the new stock option program were approved by Marel’s Annual General Meeting on 6 March 2019 in accordance with the Company's Remuneration Policy as approved at Marel’s Annual General Meeting on 18 March 2020. Key terms and conditions of the agreements are as follows: * The stock option agreements entitle purchase of shares at the base exercise price of EUR 3.80 per share.1 The exercise price shall be adjusted for any dividend payments decided after the grant date. * One vesting period of 3 years. Exercise periods are two per year in April and October subject to disclosure of the Q1 and Q3 financials. First exercise period will be following the publication of the Q1 2023 results. Option holders can delay exercise of these options to Q2 2024, when the agreements expire and all unexercised options are cancelled. * Marel’s Executive Team members are required to hold shares, corresponding to the net profit gained from the options (after tax) until the following holding requirements are reached, measured in total share value owned as a multiple of annual base salary: CEO three times; other members of the Executive Team two times. * Other option holders are not subject to holding requirements. * The options are valid only if the holder is still employed by Marel group (Marel hf. or its subsidiaries) at the time of vesting.The total number of unexercised stock options granted by Marel hf., including this new stock option scheme, currently amounts to 24.1 million shares corresponding to approximately 3.1% of total issued share capital. The Company’s cost of the new share option scheme is estimated to be approximately EUR 3.5 million over the next 3 years based on the option pricing model of Black-Scholes.Details of the share options granted to Marel´s Executive Team:NameTitleNew stock optionsOlder granted and unexercised optionsShareholding of insiderShareholding of financially related parties Árni Oddur ÞórðarsonChief Executive Officer580,0002,260,00064,63467,235 Linda JónsdóttirChief Financial Officer320,0001,855,000182,5000 Árni SigurðssonChief Strategy Officer and EVP Strategic Business Units320,0001,855,0000100,000 Roger ClaessensExecutive Vice President Poultry200,000250,00000 David WilsonExecutive Vice President Meat200,000957,000195,8570 Guðbjörg Heiða GuðmundsdóttirExecutive Vice President Fish200,00040,00000 Folkert BölgerExecutive Vice President Global Supply Chain200,000500,00017,8620 Ulrika LindbergExecutive Vice President Global Markets and Services200,000250,00000 Anna Kristín PálsdóttirExecutive Vice President Innovation200,00067,00000 1 The exercise price is determined by the closing rate of Marel shares at Euronext Amsterdam on 24 April 2020, i.e. EUR 3.80 per share.