Norsk Hydro: Sale of shares to employees
30 Abril 2014 - 1:06AM
Norsk Hydro employees have purchased shares under a general
arrangement offered to employees employed by Norsk Hydro in Norway
each year. All employees employed by Norsk Hydro in Norway have
been offered to purchase shares valued at NOK 10,000 with a 25
percent discount. 82 percent of the employees entitled to the offer
have subscribed, and have each been allocated 336 shares at NOK
22.28 per share. The total number of shares allocated and
transferred on April 30, 2014 is 921,984. Norsk Hydro ASA holds
29,165,988 own shares after this transaction and the number of
outstanding shares are 2,039,832,288. With reference to the stock
exchange announcement as of April 1, 2014, the following primary
insiders have under the above mentioned scheme each purchased 336
shares: - President and CEO Svein Richard Brandtzæg, new holding is
160,565 - Executive Vice President and CFO Eivind Kallevik, new
holding is 21,075 - Executive Vice President Wenche Agerup, new
holding is 55,034 - Executive Vice President Arvid Moss, new
holding is 117,685 - Executive Vice President Hilde Merete Aasheim,
new holding is 50,699 - Executive Vice President Johnny Undeli, new
holding is 53,194 - Employee representative to the Board of
Directors Billy Fredagsvik, new holding is 3,162 - Employee
representative to the Board of Directors Ove Ellefsen, new holding
is 3,547 - Employee representative to the Board of Directors Sten
Roar Martinsen, new holding is 4,218 - Company Secretary Anne-Lene
Midseim, new holding is 3,403 Investor contact Contact Pål Kildemo
Cellular +47 97096711 E-mail Pål.Kildemo@hydro.com Press contact
Contact Halvor Molland Cellular +47 92979797 E-mail
Halvor.Molland@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.
HUG#1780673
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