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General meeting

The general meeting is the highest decision-making authority of Norsk Hydro ASA.

General Meeting May 7, 2019

Information about general meetings

The General Meeting is the highest decision-making authority of the company. All shareholders are entitled to submit items to the agenda, meet, speak and vote at general meetings.

In accordance with Norwegian corporate law, the physical presence of the shareholders or their authorized representatives is required in order to vote. In addition, votes can only be given for shares registered in the owner’s name.

Holders of shares in the form of American Depository Shares (ADSs) need to exchange their ADSs for shares in accordance with the Deposit Agreement and then register such shares with the Norwegian Central Securities Depository (Verdipapirsentralen) if they want to vote for their shares at the general meeting.

The annual general meeting is normally held in May. Notice of the meeting is sent to all shareholders individually, or to their depository banks.

The general meeting elects the shareholders’ representatives to the corporate assembly, and approves the annual result and any proposed dividend payment. In accordance with Norwegian legislation, the shareholders consider and vote on the appointment of the external auditor based on the proposal from the corporate assembly, and approve the remuneration to be paid to the external auditor.

The notice and agenda papers for the general meeting can be downloaded from the links above. Any shareholder may request the documents to be sent by mail by addressing:

Norsk Hydro ASA
v/ Investorkontakt
0240 Oslo

Request may also be made by e-mail to ir@hydro.com.

The shareholders have the following rights in connection with a general meeting:

  • Right to attend the general meeting, either in person or by proxy (see below).
  • Right to address the general meeting. 
  • Right to bring one adviser and convey to him/her this right of address. 
  • Right to request information from members of the board of directors, the corporate assembly and the President and CEO as further set out in Section 5-15 of the Norwegian Public Limited Companies Act. Request for information should be put forward no later than 10 days prior to the general meeting.
  • Right to submit alternative proposals in connection with the items to be dealt with by the general meeting.
  • Right to have matters dealt with by the General Meeting that the shareholder has submitted in writing to the board of directors within seven days prior to the deadline for notice of the general meeting, together with the proposed decision or a reason why the matter should be put on the agenda. The general meeting cannot in general deal with other matters than those included in the notice of the meeting.

Shareholders wishing to nominate a candidate for the nomination committee, corporate assembly or board of directors, or request information from a member of the board of directors or the corporate assembly, the Chief Executive Officer, or wishing to have matters dealt with at the general meeting, are requested to post their proposal or nomination here.

Electronic information about your shareholding

If you wish to receive information about your shareholding in Norsk Hydro ASA electronically, including an invitation to the Annual General Meeting, you can enter this in your Investor Services profile.

You can access Investor Services through your online bank account or VPS website: www.vps.no. Choose Investor at the top of the page, then log on to access Investor Services.

Under Investor Services, you will find Investor Information in the drop-down menu at the upper right of the page. Click on Edit (or relevant alternative), and choose Yes for the items you wish to receive electronically. Save/Update your changes.

To reduce use of paper and to reduce costs, we encourage our shareholders to use electronic transmission for the invitation to the Annual General Meeting.