The Tomra Systems ASA Board has in accordance
with proxies given at the Annual General Meetings
of 22 April 2004 and 19 April 2005, redeemed
128,453 vested options under the Group`s
optionprograms for management and employees.
The redemption is executed with the use of the
company`s own treasury shares, which has been sold
on the employees behalf at a price of
NOK 44,08 per share. After the transaction,
Tomra Systems ASA holds 6,744,647 treasury shares.
Management program 2004-2006
Out of 80,000 vested, not exercised options at a
strikeprice of NOK33.10, 28,000 are today
redeemed.
Management program 2005-2007
Out of 233,500 vested, not exercised options at
a strikeprice of NOK27.73, 15,000 are today
redeemed.
Employeeprogram 2004-2009
Out of 187,622 vested, not exercised options at
a strikeprice of NOK40.10, 12,334 are today
redeemed.
Employeeprogram 2005-2010
Out of 364,127 vested, not exercised options at
a strikeprice of NOK33.30, 73,119 are today
redeemed.
Primary insiders
Included in the above figures are the following
primary insider (the number shows number of
options redeemed, shareholding, and number of
options kept after the redemption)
Heiner Bevers (10000 at a strike of 27.73, 2000,
0)
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 2006
Tomra Systems ASA