Hydro Applies for Delisting In Sweden
14 February 2004 - 2:03AM
PR Newswire (US)
Hydro Applies for Delisting In Sweden OSLO, Norway, Feb. 13
/PRNewswire-FirstCall/ -- Hydro's Board today decided to apply for
delisting from the Swedish stock exchange Stockholmsborsen. Hydro
has been listed in Sweden since 1983 in the form of a depositary
share (SDB). In recent years, the turnover of this SDB has been
very low, and the approximately 230,000 issued SDBs amount to less
than 15% of the total number of Hydro shares held by Swedish
investors. Viewed against this background, Hydro finds that the
costs related to the listing in Sweden can no longer be justified.
The last trading day for Hydro SDB on Stockholmsborsen will be 24
March 2004, which is also the last day before the Agri business
area is planned demerged and listed under the name Yara
International ASA. The owners of Hydro SDBs at that time will have
the same rights to receive Yara shares as other shareholders. The
SDB programme will be phased out within the end of 2004. After
this, Hydro is listed on stock exchanges in Norway, USA, UK, France
and Germany. Contact Kjetil Bakken Tor Steinum Telephone +47 22 53
23 13 (+47) 22 53 27 31 Cellular +47 91 889 889 (+47) 95 08 39 33
E-mail DATASOURCE: Norsk Hydro CONTACT: Kjetil Bakken,
+47-22-53-23-13, Cellular, +47-91-889-889, , or Tor Steinum,
+47-22-53-27-31, or Cellular, +47-95-08-39-33, Web site:
http://www.hydro.com/
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