Orkla ASA : Mandatory notification of trade and disclosure of major shareholding - Stein Erik Hagen

 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

  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 Globenewswire
HUG#1874713