|Share price year-end, NOK
|Dividend per share, NOK 1)
|Non-Norwegian ownership, year-end
|1) Proposed dividend for 2007.
Hydro’s share price closed at NOK 77.60 at the end of 2007. Taking into consideration the dividend of NOK 5.00 per share paid in 2007 and the value at the end of 2007 of the received StatoilHydro shares, the total return for 2007 was NOK 34.80 or 18 percent. Due to our solid financial position and strong operating results in 2007 and the Board of Directors has proposed a dividend of NOK 5.00 per share for approval by the Annual General Meeting on May 6, 2008.
As of 31 December 2007, Hydro had 41,745 registered shareholders as per the Norwegian Central Securities Depository. The Ministry of Trade and Industry of Norway was the largest of these with a shareholding of 43.8 percent.
Hydro’s Board of Directors has proposed a new buyback authorization of NOK 4 billion for 2008 to be considered by the Annual General Meeting in May 2008.
Value creation from restructuring
During the last five years significant value has been created for shareholders through the restructuring of Hydro. In addition, significant market improvements and strong operational performance have contributed to the value creation. At the end of 2003 the Hydro share closed at NOK 82.10, when Hydro consisted of the oil and gas activities, the aluminium activities and the fertilizer activities. The combined value at the end of 2007 of the Hydro share, the received fractional shares in Yara International and StatoilHydro during the two demerger transactions and all dividend payments during the five year period was NOK 290. This represents a solid increase of 254 percent of the investment or an average annual return of 29 percent.
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