Moreover, Orkla has an exposure through a cash-settled financial derivative of 450,000 underlying shares in the hedge position related to the remaining 430,500 synthetic options of the cash bonus programme.

 

Orkla currently holds 6,279,413 shares.  The resolution adopted by the Annual General Meeting to amortise 4,016,071 shares is expected to be carried out in August this year.  When the amortisation has been implemented, Orkla will hold a total of 2,263,342 of its own shares.