Allocation to primary insiders in the 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
With reference to the final result of the rights issue in Norsk Hydro ASA
announced earlier today, the following primary insiders have been allocated
shares at a subscription price of NOK 26.30 in accordance with the procedures
and on the terms set out in the prospectus dated June 21, 2010.
Name of primary Shares allocated Shares allocated based Shareholding after
insider based on on oversubscription rights issue
subscription
rights held
Corporate
Management Board
Svein Richard 8,221 941 36,176
Brandtzæg
Kjetil Ebbesberg 190 20 837
Arvid Moss 4,350 - 66,104
Jørgen C. Arentz 2,300 262 10,121
Rostrup
Tom Røtjer 5,304 0 22,733
Ola Sæter 1,716 195 7,550
Johnny Undeli 750 49 3,265
Hans-Joachim Kock 2,500 - 7,500
Hilde Merete 2,814 - 3,847
Aasheim
Wenche Agerup 1,209 137 5,320
Board of Directors
Terje Vareberg 3,043 348 13,391
Finn Jebsen 9,904 957 43,406
Jørn B. Lilleby 506 - 2,170
Sten Roar Martinsen 699 - 2,998
Billy Fredagsvik 453 - 1,942
Bente Rathe 1,521 - 6,521
Company Secretary
Hans Martin Heikvam 734 83 3,231
Investor contact
Contact Stian Hasle
Cellular +47 97736022
E-mail Stian.Hasle(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#1431357]
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
Unternehmensinformation / Kurzprofil:
Datum: 13.07.2010 - 17:42 Uhr
Sprache: Deutsch
News-ID 23849
Anzahl Zeichen: 0
contact information:
Town:
Oslo
Kategorie:
Business News
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Die Pressemitteilung mit dem Titel:
"Allocation to primary insiders in the rights issue"
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