Norsk Hydro: Sale of shares to employees
(Thomson Reuters ONE) -
Norsk Hydro ASA`s employees have purchased 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. 77 percent of the employees entitled to the
offer have subscribed, and have each been allocated 367 shares at NOK 20.39 per
share. The total number of shares allocated and transferred on April 25, 2013 is
1,085,219.
Norsk Hydro ASA holds 30,209,243 own shares after this transaction and the
number of outstanding shares is 2,038,789,033.
The following primary insiders have under the above mentioned scheme each
purchased 367 shares (see also stock exchange announcement as of April 2, 2013):
- President and CEO Svein Richard Brandtzæg, new holding is 123 618
- Executive Vice President and CFO Eivind Kallevik, new holding is 3 454
- Executive Vice President Wenche Agerup, new holding is 42 387
- Executive Vice President Arvid Moss, new holding is 98 949
- Executive Vice President Hilde Merete Aasheim, new holding is 37 065
- Executive Vice President Johnny Undeli, new holding is 38 605
- Employee representative to the Board of Directors Billy Fredagsvik, new
holding is 2 826
- Employee representative to the Board of Directors Ove Ellefsen, new holding is
3 211
- Employee representative to the Board of Directors Sten Roar Martinsen, new
holding is 3 882
- Company Secretary Anne-Lene Midseim, new holding is 3 067
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#1692138]
Unternehmensinformation / Kurzprofil:
Datum: 25.04.2013 - 08:01 Uhr
Sprache: Deutsch
News-ID 252763
Anzahl Zeichen: 4818
contact information:
Town:
Oslo
Kategorie:
Business News
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