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.
Contact Stian Hasle
Cellular +47 97736022
Contact Halvor Molland
Cellular +47 92979797
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