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Leading global provider of advanced equipment
and systems for the food processing industry
and systems for the food processing industry
Investor News
12.11.2008
Market making agreement
Marel Food Systems hf. has entered into a market-making agreement with New Glitnir bank hf. (Glitnir) for the company's issued shares.
The purpose of market making is to facilitate trading in the company's shares on the Nasdaq OMX Nordic Exchange Iceland (the Exchange).
Glitnir is committed to making daily bid and ask offers on the Exchange for shares in Marel Food Systems (MARL) for a minimum of ISK 200.000 at nominal value at a price which Glitnir determines at all times. The maximum bid-ask spread shall not exceed 1,5% and the deviation from the last transaction price shall not exceed 3%. The maximum aggregated market value of total trades that Glitnir is committed to buy or sell each day is ISK 50.000.000.
The agreement is effective as of today and is terminable with two weeks notice.
Spotlight
One company, one stop Our brands – Marel, Stork Poultry Processing and Townsend Further Processing – are among the most respected in the industry.
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Press Contact
Helga Bjork EiriksdottirInvestor and Public Relations Manager
E-mail:
helga.eiriksdottir@marel.com
Tel.: +354 563 8543
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About the Company
Marel is the leading global provider of advanced equipment, systems and services to the fish, meat and poultry industries. Our brands – Marel, Stork Poultry Processing and Townsend Further Processing – are among the most respected in the industry. Together, we offer the convenience of a single source to meet our customers’ every need. With offices and subsidiaries in over 30 countries and a global network of more than 100 agents and distributors, we work side-by-side with our customers to extend the boundaries of food processing performance.
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