*

Hitt og þetta 15. september 2006

Tomra Systems ASA signs NOK500m revolving bank loan agreement

Nordic Business Report-September 15, 2006-Tomra Systems ASA signs NOK500m revolving bank loan agreement
(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com

The Norwegian reverse vending machines maker Tomra Systems ASA said on Thursday (14 September) that it has signed a NOK500m revolving bank loan agreement.

The five-year agreement will be used to finance a buy-back of own shares, authorised in May.

The board of Tomra Systems plans to ask for a new authorisation to buy back a further 10m shares for use in the financing of future acquisitions.

One Norwegian krone (NOK) is worth approximately 0.08 British pounds (GBP).

((Comments on this story may be sent to tww.feedback@m2.com))