The board of Marel Food Systems decided yesterday that the offer price of new shares in the company will be ISK 89 per share. The price equals a 6% discount from the closing price of share in the company on 3 June. The share offering takes place today, Thursday, and tomorrow, Friday. The total sales value of the offering is ISK 13.9bn, or around EUR 117m. Should the offering be oversubscribed, the board of Marel reserves the right to increase the number of shares on offer by up to 40m shares. If the board utilise this authorisation, the total sales value of the offering will increase up to ISK 17.5bn or EUR 147m.
Source: Glitnir
