Last Trading Day Inclusive Right to Shares in Yara in Connection With the Demerger
March 24 2004 - 4:04AM
PR Newswire (US)
Last Trading Day Inclusive Right to Shares in Yara in Connection
With the Demerger OSLO, Norway, March 24 /PRNewswire-FirstCall/ --
Assuming the successful consummation of the demerger later today,
Wednesday 24 March 2004 is the last day the shares of Norsk Hydro
ASA will be trading inclusive right to shares in Yara International
ASA. Each shareholder owning shares in Norsk Hydro ASA at the close
of the trading day on 24 March 2004 will receive the same number of
shares in Yara International ASA.The shares in Yara International
ASA will be listed on Oslo Stock Exchange on 25 March 2005, and the
shares in Yara International ASA received in connection with the
demerger will be tradeable from this date. The shares in Norsk
Hydro ASA will be trading exclusive right to shares in Yara
International ASA from 25 March 2004. The Norsk Hydro ASA's ADRs,
which are traded on the NYSE, will be trading exclusive the right
to shares in Yara International ASA from 1 April 2004. In
connection with the demerger, the share capital of Norsk Hydro ASA
will be reduced by NOK 448,722,527.60, from NOK 5,279,088,560 to
NOK 4,830,366,032.40, through a reduction in the nominal value of
the shares in Norsk Hydro ASA from NOK 20.00 to NOK 18.70. The
demerger will result in an increase in the share capital of Yara
International ASA by NOK 434,441,932.60, from NOK 108,610,470.40 to
NOK 543,052,403, through an issue of 255,554,078 new shares in Yara
International ASA, each at nominal value of NOK 1.70. Contact Peik
Norenberg Kjetil Bakken Telephone (+47) 22 53 34 40 (+47) 22 53 23
13 Cellular (+47) 91 76 15 56 (+47) 91 88 98 89 E-mail DATASOURCE:
Norsk Hydro ASA CONTACT: Peik Norenberg, +47-22-53-34-40, cellular,
+47-91-76-15-56, or , or Kjetil Bakken, +47-22-53-23-13, cellular,
+47-91-88-98-89, , both of Norsk Hydro Web site:
http://www.hydro.com/
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