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BRIEF-Orkla management applies for Borregaard shares

OSLO, Oct 4 (Reuters) - ORKLA

* On the first day of the application period of the retail offering of Borregaard, the following primary insiders and members of Orkla's management team submitted applications to subscribe for shares as part of the ongoing initial public offering and listing by Borregaard:

* Canica AS, shareholder in Orkla and closely related party to the chairman of the board Stein Erik Hagen, has applied for 9,900,000 shares in the institutional offering.

* Ventotene Invest AS, shareholder in Orkla and closely related party to board member Peter A. Ruzicka, has applied for 30,000 shares in the institutional offering.

* HÃ¥kon Mageli , Executive Vice President Corporate Communications and Corporate Affairs, has applied for shares for a total amount of NOK 400,000 in the retail offering.

* Fridthjof Røer, Chief Internal Auditor, has applied for shares for a total amount of NOK 250,000 in the retail offering.

* Terje Andersen, CFO and Chairman of the Board in Borregaard ASA, has applied for shares for a total amount of NOK 100,000 in the retail offering.

((Balazs.Koranyi@thomsonreuters.com; +47 22 93 69 62; Reuters Messaging: balazs.koranyi.thomsonreuters.com@reuters.net))

Keywords: ORKLA BORREGAARD/