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 Bjoern M. Wiggen.
Per A. Soerlie, 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
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.
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Source: Orkla ASA via Thomson Reuters ONE
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Orkla ASA via Thomson Reuters ONE
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