Norsk Hydro : Sale of shares to employees
May 02 2017 - 9:06AM
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 25 000 with a 50 percent
discount. 92 percent of the employees entitled to the offer have
subscribed, and have each been allocated 511 shares at NOK 24.41
per share. The total number of shares allocated and transferred on
May 2, 2017 is 1 729 735.
Norsk Hydro ASA holds 24 300 928 own shares after this
transaction and the number of outstanding shares are 2 044 697
348.
With reference to the stock exchange announcement as of April 3,
2017, the following primary insiders have under the above-mentioned
scheme each purchased 511 shares:
- President and CEO Svein Richard Brandtzæg, new holding is
231,475.- Executive Vice President and CFO Eivind Kallevik, new
holding is 50,535- Executive Vice President Arvid Moss, new holding
is 147,203- Executive Vice President Hilde Merete Aasheim, new
holding is 82,287- Executive Vice President Anne-Lene Midseim, new
holding is 21,221- Executive Vice President Inger Sethov, new
holding is 19,184- Executive Vice President Hanne Simensen, new
holding is 19,646- Executive Vice President Kjetil Ebbesberg, new
holding is 47,857- Employee representative to the Board of
Directors Billy Fredagsvik, new holding is 4,587- Employee
representative to the Board of Directors Ove Ellefsen, new holding
is 8,972- Employee representative to the Board of Directors Sten
Roar Martinsen, new holding is 5,643- Company Secretary Hans Eide
Aarre, new holding is 2,061
Investor contactContact Even SimonsenCellular +47 97953364E-mail
Even.Simonsen@hydro.comPress contactContact Halvor MollandCellular
+47 92979797E-mail Halvor.Molland@hydro.com
Cautionary noteCertain statements included in this announcement
contain forward-looking information, including, without limitation,
information relating to (a) forecasts, projections and estimates,
(b) statements of Hydro management concerning plans, objectives and
strategies, such as planned expansions, investments, divestments,
curtailments 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, and (i) qualified statements
such as "expected", "scheduled", "targeted", "planned", "proposed",
"intended" or similar.
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 materiallyfrom 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
businesses; changes in availabilityand 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.
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