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: [phone]

 

 

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

HUG#1569303