Orkla ASA: Orkla initiates share buyback program

Orkla ASA (''Orkla'') has decided to initiate a share buyback program for up to 2 million shares in the market. The buyback program will be conducted in accordance with the authorization provided by the annual general meeting to the board of directors on 16 April 2015.

The buyback will be executed according to the market price on the Oslo Stock Exchange. The program will be initiated today and terminated on 9 December 2015 at the latest.

The shares purchased under this program will be used for Orkla's stock- and incentive program for own employees.

 

Orkla ASA
Oslo, 11 August 2015

 

Ref.:

Investor Relations
Elise Heidenreich
Tel.: +47 951 41 147

 

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

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Source: Orkla ASA via Globenewswire
HUG#1944758