The Tomra Systems ASA Board has in accordance
with proxies given at the Extraordinary General
Meeting 19 December 2006, redeemed 19,799 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 NOK37.02 per share. After the transaction,
Tomra Systems ASA holds 7,681,415 treasury shares.
Management program 2005-2007
Out of 111,000 vested, not exercised options at a
strike price of NOK27.73, 8,000 are today redeemed.
Employee program 2005-2010
Out of 253,075 vested, not exercised options at a
strike price of NOK33.30, 11,799 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, 15 November 2007
Tomra Systems ASA