Dividend of NOK 11 approved by the Annual General Meeting

 

The Annual General Meeting also authorised the Board to buy back shares within the next 18 months with the intention of subsequent cancellation. The authorisation is limited to buying 2,808,810 shares in the market. Based on an agreement with the Norwegian State, Hydro's largest shareholder, a proportional part of the State's shares may be bought for cancellation. The State's ownership share will therefore remain unaffected by the buyback and cancellation. In total, up to 5 million shares may be cancelled, equivalent to approximately 2 percent of the outstanding shares. Final decisions on cancellation will have to made with a majority of 2/3 in a future General Meeting.

 

The following members of the Corporate Assembly were reelected: Svein Steen Thomassen, Siri Teigum, Aase Gudding Gresvig, Westye Høegh, Idar Kreutzer, Sylvi A. Lem, Karen Helene Midelfart, Anne Merete Steensland, Sigurd Støren, Lars Tronsgaard and Svein Aaser. Sten-Arthur Sælør was elected as new member of the Corporate Assembly.