Norsk Hydro AS Norsk Hydro : Sale Of Shares To Employees

 
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 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 contact 
 
   Contact Even Simonsen 
 
   Cellular +47 97953364 
 
   E-mail Even.Simonsen@hydro.com 
 
   Press contact 
 
   Contact Halvor Molland 
 
   Cellular +47 92979797 
 
   E-mail Halvor.Molland@hydro.com 
 
   Cautionary note 
 
   Certain 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 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 businesses; 
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 Corporate Solutions on behalf 
of Nasdaq 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 
 
 
  http://www.hydro.com/en/?WT.mc_id=Pressrelease
(END) Dow Jones Newswires
May 02, 2017 09:05 ET (13:05 GMT)
Norsk Hydro (LSE:NHY)
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