Norsk Hydro: Minutes from the Annual General Meeting 2022
Norsk Hydro ASA held its Annual General Meeting (AGM) on May 10, 2022, where all proposed agenda items were adopted.
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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.
Details
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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
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