Sales of Shares to Employees
06 April 2005 - 7:15PM
PR Newswire (US)
Sales of Shares to Employees OSLO, Norway, April 6
/PRNewswire-FirstCall/ -- In connection with sale of shares to
employees of Norsk Hydro ASA, under a general arrangement offered
to employees in Norway, 85 percent of the employees entitled to the
offer have subscribed, and have been allocated 23 shares at NOK
260.25 per share. The total number of allocated shares is 233,588.
The terms are according to Hydro's share purchase plan for
employees in Norway. Norsk Hydro holds 7,881,610 own shares after
this transaction. The following insiders have under the above
mentioned scheme each acquired 23 shares: President and CEO Eivind
Reiten, new holding is 11,664 shares. Executive Vice President
Alexandra Bech Gjorv, new holding is 923 shares. Executive Vice
President John Ove Ottestad, new holding is 8,261 shares. Executive
Vice President Tore Torvund, new holding is 3,303 shares. Executive
Vice President Jon-Harald Nilsen, new holding is 293 shares.
Employee representative to the Board of Directors Terje Friestad,
new holding is 259 shares. Employee representative to the Board of
Directors Geir Nilsen, new holding is 78 shares. Employee
representative to the Board of Directors Odd Semstrom, new holding
is 152 shares. Closely related to Executive Vice President Tore
Torvund, Tone Steinseth, new holding is 383 shares. Contact Gudmund
Isfeldt Tor Steinum Telephone +47 22 53 24 55 +47 22 53 27 31
Cellular +47 48 00 11 80 +47 95 08 39 33 E-mail DATASOURCE: Norsk
Hydro CONTACT: Gudmund Isfeldt, +47-22-53-24-55, Cell:
+47-48-00-11-80, , or Tor Steinum, +47-22-53-27-31, Cell:
+47-95-08-39-33, , both of Norsk Hydro Web site:
http://www.hydro.com/
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