On 26 November 2014, Canica AS, a company related to Orkla's chairman of the board Stein Erik Hagen, acquired 10,000,000 shares in Orkla ASA from Tvist 5 AS, another related company to Stein Erik Hagen. Tvist 5 AS's holding of Orkla shares after the transaction is 50,050,000, constituting approx. 4.9% of the share capital in Orkla ASA. Thus, Tvist 5 AS crosses the 5% threshold for disclosure of major shareholding.
The transaction was made at a share price of NOK 53.91.
Stein Erik Hagen and his related parties' ownership interest in Orkla ASA of 249,142,000 shares, constituting 24.5% of the share capital, remains unaffected by this transaction.
Oslo, 27 November 2014
Contact Orkla Investor Relations:
Rune Helland, Tel.: +47 977 13250