SOURCE: Norsk Hydro

June 15, 2009 08:10 ET

Hydro share to start trading on OTCQX International

OSLO, NORWAY--(Marketwire - June 15, 2009) -


As of today the American Depositary Receipts (ADRs) of the Norwegian aluminium and energy company Norsk Hydro ASA will be trading on the OTCQX International in the U.S. As an OTCQX-listed company, Hydro will belong to the highest segment of the over-the-counter market, and can benefit from increased visibility across the U.S. investor community and association with some of the most reputable companies traded in the over-the-counter marketplace.

Hydro's ADRs will trade in the United States on OTCQX under the ticker "NHYDY" where each ADR will represent one ordinary share. Since Hydro delisted from the New York Stock Exchange in November 2007, the ADRs have been traded over-the-counter on Pink Sheets.

Hydro's shares are primary listed on the Oslo Stock Exchange in addition to a secondary listing on the London Stock Exchange.

About OTCQX

OTCQX provides a gateway to U.S. securities markets for international companies that are listed on a qualified non-U.S. exchange and provide ongoing disclosure in English to U.S. investors. More importantly, OTCQX distinguishes the reputable international issuers from the 8,000 over-the-counter (OTC) securities traded in the U.S. Only leading companies that have substantial operating businesses and provide credible disclosure to the public are eligible for inclusion on the premium-tier OTCQX, which commenced trading on March 5, 2007. For more about OTCQX, visit www.otcqx.com.

********* 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.


This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.



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Contact Information

  • Investor contact
    Contact Stian Hasle
    Telephone +47 22532520
    Cellular +47 97736022
    E-mail Stian.Hasle@hydro.com