Norsk Hydro ASA (NHYDY: OTC Link) | Norsk Hydro: Primary insiders purchase shares under Long Term Incentive program

OTC

Norsk Hydro: Primary insiders purchase shares under Long Term Incentive program

May 14, 2012

OTC Disclosure News Service

Oslo, Norway –

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. 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 14, 2012, acquired Hydro shares under the abovementioned program at NOK 33.25 per share.

 

 

A total of 127,843 shares have been sold by Hydro to the participants in the Long Term Incentive program. Hydro holds 31,430,114 own shares after this transaction and the number of outstanding shares are 2,037,568,162.

 

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

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

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