Norsk Hydro AS Norsk Hydro : Sale Of Shares To Employees

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Norsk Hydro employees have purchased shares under a general arrangement

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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


- Executive Vice President and CFO Eivind Kallevik, new holding is


- 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


Press contact

Contact Halvor Molland

Cellular +47 92979797


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


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

(END) Dow Jones Newswires

May 02, 2017 09:20 ET (13:20 GMT)