Orkla ASA: Sale from own account in ORK83 (ISIN NO 001 077438.3, 2016-2023) and ORK84 (ISIN NO 001077439.1, 2016-2026)
January 09, 2017 at 06:18 am EST
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Orkla has sold an amount of NOK 75 mill. in ORK83. After this, Orkla holds NOK 525 mill. on its own account. The outstanding amount in the market after this is NOK 475 mill.
I addition, it is sold NOK 70 mill. in ORK84. After this, Orkla holds NOK 730 mill. on its own account. The outstanding amount in the market after this is NOK 270 mill.
Nordea Markets acted as dealer in the transactions
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
Orkla ASA published this content on 05 January 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 09 January 2017 11:18:04 UTC.
Original documenthttp://www.orkla.com/Investor-relations/GA-General-Archive/Press-and-stock-exchange-releases/Stock-exchange-releases/Orkla-ASA-Sale-from-own-account-in-ORK83-ISIN-NO-001-077438.3-2016-2023-and-ORK84-ISIN-NO-001077439.1-2016-2026
Public permalinkhttp://www.publicnow.com/view/23A65FA93DD589C3BECED3DB29CBAD2C156E5E55
Orkla ASA is one of the leading Norwegian industrial groups. Net sales break down by activity as follows:
- manufacture of food and consumer products (97.9%): food products (pizzas, sauces, seafood, prepared meals, fruits, chocolates, ingredients, delicatessen products, etc.), consumer products (detergents, clothing, cosmetics, personal hygiene, etc.), household cleaning products, professional cleaning products, etc.;
- hydroelectric power generation (2.1%).
Net sales are distributed geographically as follows: Norway (22.2%), Sweden (18%), Denmark (9.9%), Finland (9.5%), Baltic States (4.1%), Iceland (1.5%), Europe (27.3%) and other (7.5%).