Does Orkla have a programme for acquiring own shares?
“The General Meeting of Orkla ASA hereby authorises the Board of Directors to permit the company to acquire shares in Orkla ASA with a nominal value of up to NOK 125,000,000 divided between a maximum of 100,000,000 shares, provided that the company’s shareholding of own shares does not exceed 10 % of shares outstanding at any time. The amount that may be paid per share shall be no less than NOK 25 and no more than NOK 150. The Board of Directors shall have a free hand with respect to methods of acquisition and disposal of the company’s own shares. This authorisation shall apply from 24 April 2009 until the date of the Annual General Meeting in 2010.” In 2008 Orkla purchased 10.000.000 shares in Orkla ASA, an equivalent of 0.5 % of outstanding shares. In 2007 Orkla bought back 0.7 % of outstanding shares,0,5 % in 2006. Orkla ASA acquired no shares in Orkla ASA in 2005. As of 31 December 2008, Orkla owned 11,917,888 shares in Orkla ASA.
