TIDMNHY
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 or NOK 12,500 with a 50 percent
discount. 88 percent of the employees entitled to the offer have
subscribed, and have each been allocated 536 or 268 shares at NOK 23.35
per share. The total number of shares allocated and transferred on May
4, 2015 is 1,694,564.
Norsk Hydro ASA holds 27,410,584 own shares after this transaction and
the number of outstanding shares are 2,041,587,692.
With reference to the stock exchange announcement as of April 1, 2015,
the following primary insiders have under the above mentioned scheme
each purchased 536 shares:
- President and CEO Svein Richard Brandtzæg, new holding is
181,055.
- Executive Vice President and CFO Eivind Kallevik, new holding is
29,636
- Executive Vice President Arvid Moss, new holding is 126,304
- Executive Vice President Hilde Merete Aasheim, new holding is 59,903
- Executive Vice President Anne-Lene Midseim, new holding is 3,939
- Executive Vice President Inger Sethov, new holding is 3,663
- Executive Vice President Hanne Simensen, new holding is 2,764
- Executive Vice President Kjetil Ebbesberg, new holding is 25,784
- Employee representative to the Board of Directors Billy Fredagsvik,
new holding is 3,698
- Employee representative to the Board of Directors Ove Ellefsen, new
holding is 8,083
- Employee representative to the Board of Directors Sten Roar Martinsen,
new holding is 4,754
- Company Secretary Ingeborg Margrethe Liahjell, new holding is 4,750
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.
This announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Norsk Hydro via Globenewswire
HUG#1918193
http://www.hydro.com/en/?WT.mc_id=Pressrelease
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