Marel — Share Issue/Capital Change 2018

Nov 30, 2018

Marel - Reduction of share capital

Marel - Reduction of share capital

According to Article 84 of Act No. 108/2007 on Securities transactions, when an issuer increases or reduces its share capital or number of voting rights, the issuer shall on the last trading day of the calendar month in which the changes occur, disclose the total number of shares and the total number of voting rights. 

Marel‘s extraordinary shareholders‘ meeting, held on 22 November 2018, resolved that the company‘s share capital should be reduced by ISK 52,983,076 nominal value, by way of cancelling 52,983,076 of the Company‘s own shares. The share capital reduction has now taken place, and the company‘s share capital has now been reduced from ISK 735,568,997 to ISK 682,585,921 nominal value, divided into the same amount of shares. One vote is attached to each share.