UC RUSAL to pay $70.3 million bonus to CEO

HONG KONG, April 14 (Reuters) - UC RUSAL, the world's biggest aluminium producer, will pay a $70.3 million bonus to CEO Oleg Deripaska, the company said on Wednesday.

The bonus would be paid in the form of 50.6 million bonus shares at an offer price of HK$10.8 ($1.38) per share.

RUSAL raised $2.2 billion when it became the first non-Asian company to list in Hong Kong earlier this year. On Monday, the company posted a net profit of $1.7 billion for the last six months of 2009, according to Reuters calculations, compared with a loss of $7.4 billion a year earlier.

(Reporting by Don Durfee; Editing by Ken Wills)