Under its option programme for senior executives, Orkla exercised 477 500 options at an average price of NOK 35.57, and 100 000 cash bonus options at an average price of NOK 21.13 on the last exercise date, 15 December 2009.
Orkla has transferred Orkla shares for the amount of the net proceeds to all the primary insiders affected by the option exercise. A list of the primary insiders affected by the option exercise is attached herewith.
After this transaction, the total number of options issued in Orkla shares is now 14,967,000. Orkla has a hedge through a cash-settled financial derivative of 600,000 underlying shares related to the option programmes.
Orkla owns 11,147,267 treasury shares.
Oslo, 16 December 2009
Contact Orkla Investor Relations:
Siv Merethe S. Brekke, Tel: +47 930 56093