Orkla ASA : Orkla initiates share buyback program
Orkla ASA (''Orkla'') has decided to initiate a share buyback program for up to 3 million shares in the market. The buyback program will be conducted in accordance with the authorization provided by the annual general meeting to the board of directors on 10 April 2014. The buyback will be executed according to the market price on the Oslo Stock Exchange. The program will be initiated today and terminated on 31 December 2014 at the latest.
The shares purchased under this program will be used for Orkla's stock- and incentive program for own employees.
Orkla ASA
Oslo, 3. November, 2014
Contact:
SVP Investor Relations
Rune Helland
Mob.: +47 977 13 250
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.