Business News

Executive Vice President purchases shares


Norsk Hydro

2008-08-14 06:18:00

OSLO, NORWAY–(EMWNews – August 14, 2008) –

Executive Vice President of Norsk Hydro ASA, Tom Røtjer, has on

August 14, 2008 purchased 3,000 shares in Hydro at NOK 57.10 per

share. New holding is 11,532 shares.

Investor contact

Contact     Stefan Solberg

Telephone   +47 22539280

Cellular    +47 91727528

E-mail      [email protected]


Certain statements included within this announcement contain

forward-looking information, including, without limitation, those

relating to (a) forecasts, projections and estimates, (b) statements

of management’s plans, objectives and strategies for Hydro, such as

planned expansions, investments 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, as well as (i) statements

preceded by “expected”, “scheduled”, “targeted”, “planned”,

“proposed”, “intended” or similar statements.

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 aluminium

business; 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 factors.

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.

Copyright © Hugin AS 2008. All rights reserved.

Jordan Taylor

Jordan Taylor is Sr. Editor & writer from San Diego, CA. With over 20 years and 2650+ articles edited rest assured your Press Release will see traction.

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