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 April 2, 2013, acquired Hydro shares
under the above mentioned program at NOK 27.19 per share.
Name Acquired shares New Holding
President and CEO Svein Richard Brandtzæg 32 284 123 251
Executive Vice President Wenche Agerup 11 840 42 020
Executive Vice President Hans-Joachim Kock 16 520 43 475
Executive Vice President Oliver Bell 20
173 50 631
Executive Vice President Arvid Moss 12 106 98 582
Executive Vice President Hilde Merete Aasheim 14 065 36 698
Executive Vice President Johnny Undeli 13 654 38 238
A total of 135 652 shares have been sold by Hydro to the participants in the
Long Term Incentive program.
Hydro holds 31 294 462 own shares after this transaction and the number of
outstanding shares are 2 037 703 814.
Investor contact
Contact Pål Kildemo
Cellular +47 97096711
E-mail Pål.Kildemo(at)hydro.com
Press contact
Contact Halvor Molland
Cellular +47 92979797
E-mail Halvor.Molland(at)hydro.com
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 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#1686597]
Unternehmensinformation / Kurzprofil:
Datum: 02.04.2013 - 08:01 Uhr
Sprache: Deutsch
News-ID 244850
Anzahl Zeichen: 4857
contact information:
Town:
Oslo
Kategorie:
Business News
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"Norsk Hydro : Primary insiders purchase shares under Long Term Incentive Program"
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