Orkla ASA : Disclosure of shareholding and trade subject to notification in Tomra

Mon, Dec 05, 2011 19:00 CET Report this content

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.