On 28 February 2011, in connection with Orkla`s option programme, 300,000 options in Orkla-shares were exercised at a strike price of NOK 46.74 per share, and 100,000 options were exercised at a strike price of NOK 48.40 per share. At the same time, 70,000 options were cancelled due to resignations.
Primary insider Roar Engeland (EVP in Orkla ASA) exercised 150,000 options and at the same time sold 150,000 shares in the market at an average price of NOK 50.97. Following this transaction, Mr Engeland and related parties hold 178,986 shares and 570,000 options in Orkla ASA.
After this transaction, the total number of options issued in Orkla shares is now 19,299,500. In addition Orkla has a hedge through a cash-settled financial derivative of 600,000 underlying shares related to the option programmes.
Orkla owns 6,545,749 treasury shares.
Oslo, 1 March 2011
Contact Orkla Investor Relations:
Siv M. Skorpen Brekke, Tel: +47 930 56093