Trade subject to notification - reduced hedging of option programmes
Reference is made to previous notices to the Oslo Stock Exchange, concerning Orkla`s derivatives position in connection with hedging of the Group`s option programmes. On 12 January 2009 Orkla reduced its hedge position in financial, cash-settled derivatives linked to the Orkla share price, by the equivalent of 500 000 underlying shares, to 900 000 underlying shares. The transaction was effected at a share price of NOK 46,08. Orkla has a total of 10 277 000 options currently issued in addition to 459 000 synthetic options in the remaining part of the cash bonus programme.