Norsk Hydro: Sale of shares to employees

Marketwired

OSLO, NORWAY--(Marketwired - Apr 25, 2013) - Norsk Hydro ASA`s employees have purchasedshares under a general arrangementoffered to the employees of Norsk Hydro ASA each year.

All employees in Norway have been offered to purchase shares valued at NOK10,000 with a 25 percent discount. 77 percent of the employees entitled totheoffer have subscribed, and have each been allocated 367 shares at NOK 20.39pershare. The total number of shares allocated and transferred on April 25,2013 is1,085,219.

Norsk Hydro ASA holds 30,209,243 own shares after this transaction and thenumber of outstanding shares is 2,038,789,033.

The following primary insiders have under the above mentioned scheme eachpurchased 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, newholding is 2 826

- Employee representative to the Board of Directors Ove Ellefsen, newholding is3 211

- Employee representative to the Board of Directors Sten Roar Martinsen,newholding is 3 882

- Company Secretary Anne-Lene Midseim, new holding is 3 067

Certain statements included within this announcement containforward-looking information, including, without limitation, those relatingto (a) forecasts,projections and estimates, (b) statements of management's plans, objectivesandstrategies for Hydro, such as planned expansions, investments or otherprojects,(c) targeted production volumes and costs, capacities or rates, start upcosts,cost reductions and profit objectives, (d) various expectations aboutfuturedevelopments in Hydro's markets, particularly prices, supply and demand andcompetition, (e) results of operations, (f) margins, (g) growth rates, (h)riskmanagement, 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-lookingstatements are reasonable, these forward-looking statements are based on anumber of assumptions and forecasts that, by their nature, involve risk anduncertainty. Various factors could cause our actual results to differmateriallyfrom those projected in a forward-looking statement or affect the extent towhich a particular projection is realized. Factors that could cause thesedifferences include, but are not limited to: our continued ability torepositionand restructure our upstream and downstream aluminium business; changes inavailability and cost of energy and raw materials; global supply and demandforaluminium and aluminium products; world economic growth, including rates ofinflation and industrial production; changes in the relative value ofcurrenciesand the value of commodity contracts; trends in Hydro's key markets andcompetition; and legislative, regulatory and political factors.

No assurance can be given that such expectations will prove to have beencorrect. Hydro disclaims any obligation to update or revise any forwardlookingstatements, whether as a result of new information, future events orotherwise.

This information is subject of the disclosure requirements pursuant tosection5-12 of the Norwegian Securities Trading Act.

This announcement is distributed by Thomson Reuters on behalf ofThomson 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]

Contact:
Investor contact
Contact Pal Kildemo
Cellular +47 97096711
E-mail Email Contact

Press contact
Contact Halvor Molland
Cellular +47 92979797
E-mail Email Contact

View Comments (0)