Orkla ASA : Mandatory notification of trade and disclosure of major shareholding - Stein Erik Hagen

 

On 2 April 2014, Canica Investor AS, a company related to Orkla's chairman of the board Stein Erik Hagen, acquired 16,950,000 shares in Orkla ASA from Tvist 5 AS, another related company to Stein Erik Hagen.

The same day, Canica AS, a company related to Stein Erik Hagen, acquired 32,950,000 shares in Orkla ASA from Canica Investor AS. Canica AS's holding of Orkla shares after the transaction is 183,292,000, constituting 18% of the share capital in Orkla ASA. Thus, Canica AS triggers the 15% threshold for disclosure of major shareholding.

The transactions are made at a share price of NOK 51.10.

Stein Erik Hagen and his related parties' ownership interest in Orkla ASA of 249,142,000 shares, constituting 24.5% of the share capital, remains unaffected by these transactions.

Oslo, 3 April 2014

Contact Orkla Investor Relations:
Rune Helland, Tel.: +47 977 13250

 

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

About Us

Orkla is a leading supplier of branded consumer goods to the consumer, out-of-home and bakery markets in the Nordics, Baltics and selected markets in Central Europe and India. Branded Consumer Goods comprises Orkla Foods, Orkla Confectionery & Snacks, Orkla Care, Orkla Food Ingredients and Orkla Consumer Investments. In addition, Orkla Industrial & Financial Investments consists of Jotun (42.6%), Hydro Power, real estate and financial assets. In 2019, the Group had a turnover of NOK 43.6 bn and 18,350 employees.

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