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Tomra Systems (Other OTC:TMRAY) Tomra Systems ASA has completed a reduction of the share capital by way of cancellation of 9,670,139 shares at par value NOK 1.00. The capital reduction was granted by the ordinary General Meeting held 23 April 2008 as part of a share buyback program. Under this program, 10,000,000 TOMRA shares were bought back in the period between 20 December 2006 and 5 March 2008. The buyback transactions were continuously disclosed at the Oslo Stock Exchange and on www.tomra.com. Out of the total 10,000,000 shares that were bought back, 329,861 shares were used to fulfill TOMRA`s obligations under employee stock option programs. Thus, the total number of shares outstanding after this capital reduction is 155,020,078, each with a par value of NOK 1.00.
Total holding of treasury shares is lower than 5% after this capital reduction, and is equal to 1.6% of the total shares outstanding in Tomra Systems ASA.
For further information, please contact CFO Espen Gundersen at +47 97 68 73 01.
