Norsk Hydro: Minutes from the Annual General Meeting 2022

Rhea-AI Summary

Norsk Hydro ASA held its Annual General Meeting (AGM) on May 10, 2022, where all proposed agenda items were adopted. Key decisions included a dividend distribution of NOK 5.40 per share, effective May 20, 2022, for shareholders as of May 10, 2022. The AGM also saw the dissolution of the Corporate Assembly and an increase in the number of employee representatives on the Board from three to four. Ex-dividend trading begins on May 11, 2022. The minutes from the meeting are available on the company’s website.

Positive

• Dividend distribution of NOK 5.40 per share, enhancing shareholder returns.
• Dissolution of the Corporate Assembly could streamline governance.
• Increase in employee representatives on the Board may enhance employee engagement.

Negative

• None.

The Annual General Meeting (AGM) of Norsk Hydro ASA was held on May 10, 2022.

All proposals on the agenda provided in the notice of the Annual General Meeting published on April 13, 2022, were adopted, including the proposal to distribute a dividend of NOK 5.40 per share, the discontinuation of the Corporate Assembly of Norsk Hydro ASA and the election of board members in accordance with the recommendation from the Nomination Committee.

The dividend will be paid on May 20, 2022, to ordinary shareholders as of May 10, 2022, and who are listed in the Norwegian Central Securities Depository as of May 12, 2022. The share will be traded ex-dividend from May 11, 2022. 

The dissolution of the Corporate Assembly is effective as of May 10, 2022, and the number of employee representatives on the Board of Directors of Norsk Hydro ASA will be increased from three to four representatives.

The minutes of the Annual General Meeting is attached and is also available on hydro.com/generalmeeting.

Investor contact:  
Line Haugetraa  
+47 41406376  
Line.Haugetraa@hydro.com

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

Attachment

• Norsk Hydro ASA - Minutes from the Annual General Meeting 10 May 2022

FAQ

What was decided at the AGM of Norsk Hydro ASA on May 10, 2022?

At the AGM, Norsk Hydro ASA adopted all proposals, including a dividend of NOK 5.40 per share and the dissolution of the Corporate Assembly.

When will the dividend from Norsk Hydro ASA be paid?

The dividend will be paid on May 20, 2022, to shareholders listed as of May 10, 2022.

What changes occurred in the Board of Directors following the AGM?

The number of employee representatives on the Board was increased from three to four.

What is the ex-dividend date for Norsk Hydro ASA shares?

The ex-dividend date is May 11, 2022.

Where can I find the minutes from the Norsk Hydro ASA AGM?

The minutes from the AGM are available on the company’s website at hydro.com/generalmeeting.