Primary insider transactions in Hydro's rights issue
(Thomson Reuters ONE) -
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES, AUSTRALIA, CANADA OR JAPAN
Primary insider transactions in Hydro's rights issue
In relation to the ongoing subscription period in the Hydro rights issue, the
list below gives an overview of purchases and sales of subscription rights and
subscriptions for Hydro shares carried out by primary insiders in Hydro and the
primary insiders' related parties on June 25, 2010.
Name of Subscription Number Sales Number of Purchase Number of Shareholding
primary rights of price rights price shares after rights
insider allocated rights rights purchased rights subscribed issue*
sold
Corporate
Management
Board
Svein
Richard 8,221 - - - - 14,000 35,235
Brandtzæg
Kjetil 190 - - - - 1,190 817
Ebbesberg
Arvid Moss 18,794 14,444 6.76 - - 4,350 66,104
Jørgen C.
Arentz 2,300 - - - - 5,000 9,859
Rostrup
Tom Røtjer 5,304 - - - - 5,304 22,733
Ola Sæter 1,716 - - - - 4,000 7,355
Johnny 750 - - - - 10,000 3,216
Undeli
Hilde
Merete 314 - - 2,500 6.80 2,814 3,847
Aasheim
Wenche 1,209 - - - - 2,000 5,183
Agerup
Board of
Directors
Terje 3,043 - - - - 5,000 13,043
Vareberg
Jørn B. 506 - - - - 506 2,170
Lilleby
Bente 1,521 - - - - 1,521 6,521
Rathe
Company
Secretary
Hans
Martin 734 - - - - 2,000 3,148
Heikvam
*Does not include shares (if any) allocated due to oversubscription.
Notification on the final allocation of shares to the primary insiders based on
over-subscription will be given on or about July 13, 2010.
In addition Oliver Bell, member of Hydro's Corporate Management Board, has on
June 25, 2010 purchased 3,000 shares in Hydro at EUR 4.75 per share through
local broker in Germany. New holding is 3,000 shares.
Investor contact
Contact Stefan Solberg
Cellular +47 91727528
E-mail Stefan.Solberg(at)hydro.com
Press contact
Contact Halvor Molland
Cellular +47 92979797
E-mail Halvor.Molland(at)hydro.com
*********
This announcement is not an offer for sale of securities in the United States or
any other country. The securities referred to herein have not been registered
under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"),
and may not be sold in the United States absent registration or pursuant to an
exemption from registration under the U.S. Securities Act. Hydro does not intend
to register any portion of the offering of the securities in the United States
or to conduct a public offering of the securities in the United States. Any
offering of securities will be made by means of a prospectus that may be
obtained from Hydro and that will contain detailed information about the company
and management, as well as financial statements. Copies of this announcement are
not being made and may not be distributed or sent into the United States,
Canada, Australia, Japan or any other jurisdiction in which such distribution
would be unlawful or would require registration or other measures.
In any EEA Member State that has implemented Directive 2003/71/EC (together with
any applicable implementing measures in any member State, the "Prospectus
Directive"), this communication is only addressed to and is only directed at
qualified investors in that Member State within the meaning of the Prospectus
Directive.
This announcement is only directed at (a) persons who are outside the United
Kingdom; or (b) investment professionals within the meaning of Article 19 of the
Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the
"Order"); or (c) persons falling within Article 49(2)(a) to (d) of the Order; or
(d) persons to whom any invitation or inducement to engage in investment
activity can be communicated in circumstances where Section 21(1) of the
Financial Services and Markets Act 2000 does not apply.
Certain statements included within this announcement contain forward-looking
information, including, without limitation, those relating to (a) forecasts,
projections and estimates, (b) statements of management's plans, objectives and
strategies for Hydro, such as planned expansions, investments or other projects,
(c) targeted production volumes and costs, capacities or rates, start-up costs,
cost reductions and profit objectives, (d) various expectations about future
developments in Hydro's markets, particularly prices, supply and demand and
competition, (e) results of operations, (f) margins, (g) growth rates, (h) risk
management, as well as (i) statements preceded by "expected", "scheduled",
"targeted", "planned", "proposed", "intended" or similar statements.
Although we believe that the expectations reflected in such forward-looking
statements are reasonable, these forward-looking statements are based on a
number of assumptions and forecasts that, by their nature, involve risk and
uncertainty. Various factors could cause our actual results to differ
materially from those projected in a forward-looking statement or affect the
extent to which a particular projection is realized. Factors that could cause
these differences include, but are not limited to: our continued ability to
reposition and restructure our upstream and downstream aluminium business;
changes in availability and cost of energy and raw materials; global supply and
demand for aluminium and aluminium products; world economic growth, including
rates of inflation and industrial production; changes in the relative value of
currencies and the value of commodity contracts; trends in Hydro's key markets
and competition; and legislative, regulatory and political factors.
No assurance can be given that such expectations will prove to have been
correct. Hydro disclaims any obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1427651]
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.
All reproduction for further distribution is prohibited.
Source: Norsk Hydro via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 28.06.2010 - 08:03 Uhr
Sprache: Deutsch
News-ID 23087
Anzahl Zeichen: 0
contact information:
Town:
Oslo
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 269 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Primary insider transactions in Hydro's rights issue"
steht unter der journalistisch-redaktionellen Verantwortung von
Norsk Hydro (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
