Below you will find the questions most commonly asked about the Orkla share and the Annual General Meeting.
For questions related to your shareholding, dividends and participation in general meetings, please contact your account manager for assistance. If you are uncertain as to who your account manager is, you can contact Orkla’s account manager, DNB ASA, Registrar’s Department.
If you are unable to find the information you are looking for on our website, please click here to contact our Investor Relations department.
Number of shares issued stands at 1,001,430,970.
Each share has a nominal value of NOK 1.25.
Orkla’s website contains information on the price performance of the Orkla share, and on the companies with which Orkla compares itself (peers). It also provides a summary of historical returns and an investment calculator.
Click here to see the share price performance.
Orkla has approx. 50,000 shareholders. 49% of the Orkla shares are owned by foreign investors.
Click here for more information on Orkla shareholders.
A list of the 20 largest Orkla shareholders is updated regularly on our website.
Various national and international analysts track the Orkla share on a regular basis. Click here to see the list of all analysts tracking the Orkla share. Orkla emphasises that the analysts’ estimates and opinions are their own, and that they do not necessarily represent Orkla’s views.
Please contact your account manager, a bank or a brokerage firm if you wish to buy or sell shares.
Shares in Orkla ASA are registered in the Norwegian Central Securities Depository. All shareholders must have a securities account (VPS account), for the registration of their own shares. This also applies to shareholders who are not resident in Norway. You can open a securities account at your own bank or at another bank or brokerage firm.
The Orkla share is listed on the Oslo Stock Exchange (Oslo Børs), with the ticker code ORK. It is also included in the OBX index.The Orkla share can also be traded through Orkla’s Level-1 ADR programme in the USA//US.Click here to read more about our ADR programme.
Please contact your account manager for information about your holding of Orkla shares. If you are in doubt as to who your account manager is, contact Orkla’s account manager.
The number of shares you hold multiplied by the daily share price gives the total value of your shareholding. Please use our investment calculator to calculate the value of your shares.
Orkla has only one class of share, and all shareholders therefore have the same rights. The rights of Orkla shareholders are governed by the Public Limited Liability Companies Act and the company’s Articles of Association. The most important shareholder rights are to:
Share capital also has a different name: risk capital. For individual shareholders, risk is linked to fluctuations in the share price. The price of a listed share is influenced by a number of factors, such as general operating parameters, the oil price, exchange rates, interest rates, wage and price trends, economic cycles, trends on other stock exchanges and political conditions. These factors affect the entire stock market, and so this type of risk is referred to as market risk.
A company is also exposed to factors that are more individual to that company – this is called company risk. These factors may be linked to, for example, price trends relating to some of the company’s inputs, changes in operating parameters for some of the company’s business areas, product development, changes in customers’ buying habits, etc. A company’s management, its product development ability, environmental awareness and ethical issues related to the company’s operations are all factors that are now playing an increasingly decisive role in ensuring investor confidence in the company.
Please contact the deceased’s account manager to arrange for the shares to be transferred to your securities account.
If you are in doubt as to who the deceased’s account manager is, contact Orkla’s account manager.
If you have not already opened a securities account, you may open one at your bank or at another bank or brokerage firm.
The Annual General Meeting is usually held in Oslo in April. Details will be provided in the notice of the Annual General Meeting that is sent by post to all shareholders about three weeks before the meeting. Consult our financial calendar for the date of the next general meeting.
All the details concerning registration will be provided in the notice of the general meeting that is sent by post to all shareholders three weeks before the meeting. The notice is also published on www.orkla.com/investor-relations. You can give notice of your intention to attend using the attendance form that you will receive by post, or via Orkla’s website.
Under Norwegian law, only shares that are registered in the name of the owner may be voted. If the shareholder is unable to vote in person at the Annual General Meeting, the shareholder may appoint a proxy to vote in his or her place. Details of how to register a proxy will be provided in the notice of the Annual General Meeting that is sent by post to all shareholders about three weeks before the meeting. You must register your proxy within the stipulated time limit, in the same way as you would register your personal attendance.
Click here for an overview of resolutions adopted at Orkla’s Annual General Meetings.
Over time, Orkla has pursued a dividend strategy that emphasises predictability and stability. Provided that Orkla’s underlying performance is satisfactory, shareholders will experience a steady, stable increase in the dividend paid out. In general, dividend should be between 50-70% of earnings per share.Click here for more information about dividends.
Dividends are paid to the shareholders of record on the date of the Annual General Meeting.
Orkla will usually pay a yearly ordinary dividend in April or May, depending on the date for the Annual General Meeting. In some years, Orkla has also paid additional or extraordinary dividends to its shareholders. Please click here for an overview of the most recent dividend payouts for the Orkla share. Dividend overview for the Orkla share.
Yes. Please contact your account manager (i.e. where you have registered your securities account), and request that the bank account of your choice be registered against your securities account. If you are in doubt as to who the your account manager is, contact Orkla’s account manager.
Please check whether you were in fact a shareholder on the date of the Annual General Meeting. If so, please contact Orkla’s account manager to inquire about your dividend.
Please refer to the minutes from the most recent Annual General Meeting for information regarding Orkla's share buyback programme. Click here for an overview of the latest share buybacks.
Orkla reports its results on a quarterly basis, usually in May (Q1), July (Q2), October (Q3) and February (Q4). All figures in the Group’s financial reports and other financial data are stated in Norwegian kroner (NOK). The company’s accounting year is identical to the calendar year (January-December).To find the date of the next presentation of results, consult our financial calendar.
Quarterly results Annual results
Please click here for more information about subscribing to notifications. You will find an archive of all press releases and stock exchange notifications in Orkla’s download center.
To encourage employees to make a long-term ownership commitment to the company, Orkla has for several years offered employees the opportunity to purchase shares at a discount to the market price.
Changes of address must first be reported to the National Population Register. Next, the change must be reported to your own securities account manager. If you are in doubt as to who your account manager is, please contact Orkla’s account manager.
For more information regarding the ADR programme and trading with ADRs.
An ADR is a negotiable U.S. certificate representing ownership of shares in a non-U.S. corporation. ADRs are quoted and traded in U.S. dollars in the U.S. securities market. Also, the dividends are paid to investor in U.S.dollars. ADRs were specifically designed to facilitate the purchase, holding and sale of non-U.S. securities by U.S. investor, and to provide a corporate finance vehicle for non-U.S. companies.
US investors generally prefer to purchase ADRs rather than ordinary shares in the issuer’s home market because ADRs trade, clear and settle according to US market conventions. One of ADRs’ main advantages is the facilitation of diversification into foreign securities. ADRs also allow easy comparison to securities of similar companies as well as access to price and trading information, if listed. ADR holders also appreciate dollar dividend payments and receiving corporate action notifications.
ADRs issuers are typically large multinational corporations. Any non-U.S. company seeking to engage the US market to diversify its investor base, raise capital in the U.S. or offer US-type employee plans.
Investors receive annual reports and proxy materials in English. ADR issuers generally have full information in English about themselves on their websites, as well as on the main depositary bank websites, and are better tracked by the main U.S. financial websites. ADRs listed on U.S. exchanges provide holders with the same level of information as any other U.S. security; trading information is readily available, financials are reconciled to U.S. Generally Accepted Accounting Principles (GAAP), and the SEC regulates the Company’s disclosure to investor. ORKLA’s ADRs are not listed on a US exchange, but trades in the over-the-counter market; ORKLA does not provide US GAAP financial statements.
The ADRs are traded Over-The-Counter.
Symbol: ORKLY CUSIP: 686331109 Exchange: OTC Ratio: 1:1 Country: Norway Industry: Food Producers Depositary: BNY (Sponsored) Effective Date: Nov 12, 2002 Underlying SEDOL: B1VQF42 Underlying ISIN: NO0003733800 U.S. ISIN: US6863311097
The Bank of New York Mellon. The depositary bank plays a key role in the process of issuance and as cancellation of ADRs. It also maintains the ADR holder register and distributes the dividends in US dollars. For additional information, please visit The Bank of New York Mellon’s website at www.adrbny.com and search for ORKLA’s Profile Page.
Registered holders can access :
Shareholder correspondence: BNY Mellon Shareowner Services P.O. Box 43006 Providence RI 02940-3078
Overnight Correspondence: BNY Mellon Shareowner Services 150 Royall St., Suite 101 Canton, MA 02021
Website: www.mybnymdr.com e-mail: [email protected]
Toll Free Telephone Number in the US: 1-888-269-2377 Outside the US: +1-201-680-6825
A registered holder is one whose name appears on the books of the depositary, as registrar; the registered holder is considered the owner of record. A beneficial holder is one whose holdings are held in a name other than their own, such as in the name of a broker, bank or nominee.
Dividends are paid in U.S. dollars and are generally taxable, just like dividends on U.S. shares. In addition, taxes may be withheld by the ADR company’s local government. Depending on individual circumstances, foreign taxes withheld might be applied as a credit against U.S. taxes, or tax reclaim opportunities may be offered.
For dividend and corporate action information, please visit www.adrbny.com. Go to the DR Corporate Actions or DR Dividends & Distribution buttons on the vertical scroll bar on the left and then enter company name, CUSIP or symbol.
You can buy an ADR through a broker, just as you would U.S. securities.
A) You will need to contact your local broker, advising the amount of local shares you wish to convert and where you want the resultant ADRs to be delivered too.
B) Upon safe receipt of these local Norwegian shares at local custodian DnB NOR Bank ASA, The Bank of New York Mellon will create the relevant ADRs and deliver then to the designated account provided in (A).
C) A fee per ADR issued is payable to The Bank of New York Mellon upon the delivery of the ADRs. Most commonly, when The Bank of New York Mellon delivers the ADRs to the specified DTC account, this is done on a delivery versus payment (DVP) instruction against the conversion fee. If an alternative method of payment is required, please contact the Broker Desk for further details. Where the DTC account is operated by a broker on behalf of a shareholder, the broker should confirm to the shareholder that it has received the ADRs and is holding them on his/her behalf.
Contact Information [email protected]