The Tomra Systems ASA Board has in accordance
with proxies given at the Extraordinary General
Meeting 19 December 2006, redeemed 203,286 vested
options under the Group`s option programs for
management and employees.
The redemption is executed with the use of the
company`s own treasury shares, which has been
sold at Oslo Stock Exchange on the employees
behalf at a price of NOK47.00 per share. After
the transaction, Tomra Systems ASA holds
1,446,614 treasury shares.
Management program 2004-2006
Out of 39,500 vested, not exercised options at a
strike price of NOK33.10, 39,500 are today
redeemed.
Management program 2005-2007
Out of 203,000 vested, not exercised options at
a strike price of NOK27.73, 92,000 are today
redeemed.
Employee program 2003-2008
Out of 379,074 vested, not exercised options at
a strike price of NOK45.10, 17,182 are today
redeemed.
Employee program 2004-2009
Out of 100,207 vested, not exercised options at
a strike price of NOK40.10, 8,446 are today
redeemed.
Employee program 2005-2010
Out of 301,455 vested, not exercised options at
a strike price of NOK33.30, 46,158 are today
redeemed.
The redemption will not have any P/L-impact, as
the Group accounts for the option programs in
accordance with IFRS 2, where the calculated
market value for the options is expensed over the
vesting period.
For further information, please contact:
CFO Espen Gundersen +47 97 68 73 01
Asker, 1 March 2007
Tomra Systems ASA