Orkla initiates share buyback

Orkla ASA ("Orkla") has decided to initiate a share buyback program. The purpose of the share buyback program is to acquire shares for use in connection with Orkla’s long-term employee incentive programs. The buyback program will be conducted in accordance with the authorization provided by the annual general meeting to the board of directors on 18 April 2024. The share buyback program will be for a maximum of 5,000,000 shares and will comprise acquisitions of own shares for an aggregate amount of up to NOK 600,000,000 (based on the maximum share price of NOK 120 per share as set out in the authorization from the general meeting). The program will commence on 20 November 2024 and continue until 1 April 2025 at the latest.

The buyback program will be managed by Danske Bank, Norwegian Branch, which will make its trading decisions in relation to the acquisition of shares independently of, and uninfluenced by, Orkla. The transactions will be conducted in accordance with the Market Abuse Regulation (EU) No 596/2014, Commission Delegated Regulation (EU) 2016/1052 and Euronext Oslo Børs’ Guidelines for buyback programs and stabilization dated February 2021.

For further information, please contact:

SVP Investor Relations
Annie Bersagel
Tel.: +47 986 03 66

Orkla ASA
Oslo, 20 November 2024