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
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
For further information, please contact:
CFO Espen Gundersen +47 97 68 73 01
Asker, 15 November 2007
Tomra Systems ASA