Demerger Accomplished - New Yara Board in Place
March 24 2004 - 11:28AM
PR Newswire (US)
Demerger Accomplished - New Yara Board in Place OSLO, Norway, March
24 /PRNewswire-FirstCall/ -- Today, the demerger of Norsk Hydro ASA
has been accomplished and registered in the Register of Business
Enterprises according to the demerger plan approved by the
extraordinary general meetings of Norsk Hydro ASA and Yara
International ASA on 15 January 2004. The shares in the demerged
Yara International ASA will be listed on the Oslo Stock Exchange on
25 March 2004, and the shares received in connection with the
demerger will be tradeable from this date. The shares of Norsk
Hydro ASA will trade excluding right to demerger shares in Yara
International ASA from and including 25 March 2004. In the
extraordinary general meeting in Yara International ASA on 15
January 2004, the general meeting supported the proposal from the
election committee of Norsk Hydro ASA for board members of Yara
International ASA. As the demerger of Norsk Hydro ASA now has been
consummated, the new board members have taken up their positions.
The board of directors of Yara International ASA now consists of
the following members: * Oivind Lund (proposed Chairperson) * Lone
Fonss Schroder * Jorgen-Ole Haslestad * Ase Aulie Michelet * Leiv
L. Nergaard * Frank Andersen, employee representative * Arthur
Frank Bakke, employee representative * Charlotte Dyrkorn, employee
representative Contact Peik Norenberg Kjetil Bakken Telephone (+47)
22 53 34 40 (+47) 22 53 23 13 Cellular (+47) 917 61 556 (+47) 91
889 889 E-mail DATASOURCE: Norsk Hydro ASA CONTACT: Peik Norenberg,
+47-22-53-34-40, or cellular, +47-917-61-556, , or Kjetil Bakken,
+47-22-53-23-13, or cellular, +47-91-889-889, , both of Norsk Hydro
Web site: http://www.hydro.com/
Copyright