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Orkla ASA: Orkla initiates share buyback program

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Orkla ASA (''Orkla'') has decided to initiate a share buyback program for up to five 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 16 April 2020. The buyback will be executed according to the market price on the Oslo Stock Exchange. The program will be initiated today and terminated on 29 March 2021 at the latest.

The objective of the program is to provide Orkla with shares that can be used for its incentive programs for employees and to return excess capital to shareholders in line with Orkla`s aim to achieve long-term, sustainable value growth for its shareholders.

 

Orkla ASA

Oslo, 22 February 2021

 

SVP Investor Relations

Kari Lindtvedt

Tlf.: +47 95 07 51 14

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

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