Norsk Hydro : Sale of shares to employees
(Thomson Reuters ONE) -
Norsk Hydro ASA`s employees have agreed to purchase shares under a general
arrangement offered to the employees of Norsk Hydro ASA each year.
All employees in Norway have been offered to purchase shares valued at NOK
10,000, with a 25 percent discount. For employees taking part in this
arrangement, the share price is NOK 20.39 per share, for 367 shares, and will be
transferred by the end of April 2013.
The following primary insiders have under the above mentioned scheme each agreed
to purchase 367 shares:
- President and CEO Svein Richard Brandtzæg, holding before purchase is 123 251
- Executive Vice President and CFO Eivind Kallevik, holding before purchase is
3 087
- Executive Vice President Wenche Agerup, holding before purchase is 42 020
- Executive Vice President Arvid Moss, holding before purchase is 98 582
- Executive Vice President Hilde Merete Aasheim, holding before purchase is
36 698
- Executive Vice President Johnny Undeli, holding before purchase is 38 238
- Employee representative to the Board of Directors Billy Fredagsvik, holding
before purchase is 2 459
- Employee representative to the Board of Directors Ove Ellefsen, holding before
purchase is 2 844
- Employee representative to the Board of Directors Sten Roar Martinsen, holding
before purchase is 3 515
- Company Secretary Anne-Lene Midseim, holding before purchase is 2 700
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#1687845]
Unternehmensinformation / Kurzprofil:
Datum: 02.04.2013 - 08:06 Uhr
Sprache: Deutsch
News-ID 244853
Anzahl Zeichen: 4700
contact information:
Town:
Oslo
Kategorie:
Business News
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