A private placement of new shares in Marel Food Systems hf. to institutional investors was successfully
completed today, Friday, 5 June 2009. Offers for a total of 26,567,963 shares were received. The
company’s Board of Directors decided to accept all offers, the vast majority of which were from pension
funds, at the price of ISK 54 per share. The gross proceeds from the private placement amount to ISK
1,434,670,002 which equals €8.3 million.
The company’s Board of Directors has consequently determined to increase the company’s share capital
by 26,567,963 shares, representing an increase of 4.6%. After the private placement, the total share
capital of Marel Food Systems is 606,868,275 shares.
New Kaupthing Bank hf. (Kaupthing) managed the offering, the purpose of which was to further
strengthen the company’s liquidity, increase flexibility and reduce operational risk.
Theo Hoen, CEO of Marel Food Systems, expressed satisfaction with the positive response to the private
placement from institutional investors. “Marel Food Systems hf. appreciates the trust that investors and
banks have shown in the company in this private placement and the recent refinancing of our long-term
debts. In recent weeks we have strengthened the company’s finances and secured stable long-term
financing and are now able to fully focus on the opportunities ahead.”
The purchase price of the new shares is to be paid on Thursday, 11 June 2009. Marel will request that
the new shares be admitted for trading on Nasdaq OMX Iceland no later than Monday, 15 June 2009.
Marel Food Systems is the leading global provider of advanced equipment and systems for the food
processing industry. It is a multinational company, with close to 3,700 employees worldwide offices and
subsidiaries in over 30 countries. Turnover of core business in 2008 amounted to €548 million.
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