Orkla ASA : Disclosure of shareholding and trade subject to notification in Tomra
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
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
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Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
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originality of the information contained therein.
Source: Orkla ASA via Thomson Reuters ONE
[HUG#1569303]
