Primary insiders purchase shares under Long Term Incentive program
Following approval by Norsk Hydro ASA's Annual General Meeting in 2010, the
Board of Directors established a Long Term Incentive (LTI) in the form of a
remuneration of 30 percent and 25 percent of annual base salary for the
President and CEO and the other members of the Corporate Management Board,
respectively, in 2010. The LTI payment requires that Hydro has had a positive
underlying EBIT in the previous year. The participants will be required to
invest the net amount after tax in Hydro shares and such shares must be held for
at least three years.
The following primary insiders have on May 13, 2011, acquired Hydro shares under
the abovementioned program at NOK 46.01 per share.
Acquired shares New holding
President and CEO Svein Richard Brandtzæg 16,454 52,847
Executive Vice President and CFO Jørgen C. Arentz 7,564 17,902
Rostrup
Executive Vice President Tom Røtjer 6,896 29,846
Executive Vice President Wenche Agerup 5,100 10,637
Executive Vice President Hans Joachim Kock 5,825 13,325
Executive Vice President Oliver Bell 11,415 14,415
Executive Vice President Kjetil Ebbesberg 6,979 8,033
Executive Vice President Arvid Moss 7,136 73,457
Executive Vice President Hilde Merete Aasheim 7,048 11,112
Executive Vice President Johnny Undeli 8,150 11,632
A total of 88,530 shares have been sold by Hydro to the participants in the Long
Term Incentive program. Hydro holds 32,539,257 own shares after this transaction
and the number of outstanding shares is 2,036,459,019.
Investor contact
Contact Stian Hasle
Cellular +47 97736022
E-mail Stian.Hasle@hydro.com
Press contact
Contact Halvor Molland
Cellular +47 92979797
E-mail Halvor.Molland@hydro.com
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
[HUG#1515628]