Norsk Hydro: Primary insiders purchase shares under Long Term Incentive program
(Thomson Reuters ONE) -
Following approval by Norsk Hydro ASA's Annual General Meeting in 2010, the
Board of Directors established a Long Term Incentive (LTI) in the form of a
remuneration of 30 percent and 25 percent of annual base salary for the
President and CEO and the other members of the Corporate Management Board. The
LTI payment requires that Hydro has had a positive underlying EBIT in the
previous year. The participants will be required to invest the net amount after
tax in Hydro shares and such shares must be held for at least three years.
The following primary insiders have on May 14, 2012, acquired Hydro shares under
the abovementioned program at NOK 33.25 per share.
Name Acquired shares New Holding
President and CEO Svein Richard Brandtzæg 23 820 90 967
Executive President and CFO Jørgen C. Arentz
Rostrup 10 881 34 083
Executive Vice President Tom Røtjer 9 829 39 975
Executive Vice President Wenche Agerup 9 243 30 180
Executive Vice President Hans-Joachim Kock 13 630 26 955
Executive Vice President Oliver Bell 16 043 30 458
Executive Vice President Kjetil Ebbesberg 10 009 18 342
Executive Vice President Arvid Moss 10 219 86 476
Executive Vice President Hilde Merete Aasheim 11 221 22 633
Executive Vice President Johnny Undeli 11 152 24 584
A total of 127,843 shares have been sold by Hydro to the participants in the
Long Term Incentive program. Hydro holds 31,430,114 own shares after this
transaction and the number of outstanding shares are 2,037,568,162.
Investor contact
Contact Stian Hasle
Cellular +47 97736022
E-mail Stian.Hasle(at)hydro.com
Press contact
Contact Halvor Molland
Cellular +47 92979797
E-mail Halvor.Molland(at)hydro.com
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Norsk Hydro via Thomson Reuters ONE
[HUG#1611432]
Unternehmensinformation / Kurzprofil:
Datum: 14.05.2012 - 08:31 Uhr
Sprache: Deutsch
News-ID 145818
Anzahl Zeichen: 2990
contact information:
Town:
Oslo
Kategorie:
Business News
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