Orkla ASA : Disclosure of shareholding and tr...
Orkla ASA has sold 23 000 000 shares in Tomra Systems (representing 15.5 % of the total share capital) for a price per share of NOK 38.50. Orkla holds no shares in Tomra following the transaction.
"The sale of the shares in Tomra Systems is part of Orkla`s strategy to refocus financial and managerial resources into growth within branded goods," says Orkla President and CEO Bjørn M. Wiggen.
Per A. Sørlie, managing director of Orkla's wholly-owned subsidiary Borregaard, is a board member in Tomra.
Orkla ASA
Oslo, 5 December 2011
Contact:
SVP Investor Relations
Rune Helland
Tel: +47 977 13250
Rune Helland
Tel: +47 977 13250
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Orkla ASA via Thomson Reuters ONE
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Orkla ASA via Thomson Reuters ONE
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