Hydro-Vale aluminium transaction completed and share capital registered
(Thomson Reuters ONE) -
Reference is made to the stock exchange notice published by Norsk Hydro ASA
(Hydro) on February 28, 2011. The share capital increase related to the issue of
the consideration shares to Vale S.A. (Vale), through its wholly-owned
subsidiary Vale Austria Holdings GmbH, in connection with Hydro's take-over of
Vale's aluminium business, has now been registered with the Norwegian Register
of Business Enterprises and the share capital increase has hence been completed.
The new share capital of Hydro is NOK 2,271,760,107.048 divided into
2,068,998,276 shares, each with a nominal value of NOK 1.098. Hydro holds
33,387,070 own shares and the number of outstanding shares are consequently
2,035,611,206.
As a result of the completion of the transaction, Vale now holds 447,834,465
shares in Hydro representing 21.6 percent of the shares issued and 22.0 percent
of the shares outstanding.
Investor contact
Contact: Stefan Solberg
Cellular: +47 91727528
E-mail: Stefan.Solberg(at)hydro.com
Press contact
Contact: Erik Brynhildsbakken
Cellular: +47 41751270
E-mail: Erik.Brynhildsbakken(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.
Certificate of Registration:
http://hugin.info/106/R/1492755/428559.pdf
Articles of Association:
http://hugin.info/106/R/1492755/428557.pdf
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#1492755]
Unternehmensinformation / Kurzprofil:
Datum: 28.02.2011 - 10:01 Uhr
Sprache: Deutsch
News-ID 51957
Anzahl Zeichen: 4383
contact information:
Town:
Oslo
Kategorie:
Business News
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Die Pressemitteilung mit dem Titel:
"Hydro-Vale aluminium transaction completed and share capital registered"
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Norsk Hydro (Nachricht senden)
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