Norsk Hydro ASA: Registration of share capital reduction
Norsk Hydro has completed a share capital reduction, cutting its capital by NOK 35,347,500.054.
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Rhea-AI Summary
Norsk Hydro has completed a share capital reduction, cutting its capital by NOK 35,347,500.054. This reduction was achieved by canceling 21,163,019 of its own shares and redeeming 11,029,604 shares held by the Norwegian state. The new registered share capital stands at NOK 2,205,899,565.804, divided into 2,009,015,998 shares, each with a nominal value of NOK 1.098. This update adheres to the disclosure requirements of the Norwegian Securities Trading Act and the Euronext Rule Book.
Positive
- Successful reduction of share capital by NOK 35,347,500.054.
- New registered share capital is NOK 2,205,899,565.804.
Negative
- Cancellation of 21,163,019 own shares.
- Redemption and cancellation of 11,029,604 shares held by the Norwegian state.
Details
News Market Reaction – NHYDY
The recorded move for NHYDY in the trading session of this news was -3.01%.
Data tracked by StockTitan Argus. Session date unavailable.
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Reference is made to the stock exchange notice by Norsk Hydro ASA ("Hydro") on May 7, 2024, regarding inter alia the resolution by the annual general meeting to reduce Hydro's share capital by NOK 35,347,500.054 by cancellation of 21,163,019 own shares and by redemption and cancellation of 11,029,604 shares held by the Norwegian state.
The share capital reduction has now been registered with the Norwegian Register of Business Enterprises. After this, Hydro's new registered share capital is NOK 2,205,899,565.804, divided on a total of 2,009,015,998 shares, each with a nominal value of NOK 1.098.
Investor contact:
Martine Rambøl Hagen
+47 91708918
Martine.Rambol.Hagen@hydro.com
Media contact:
Halvor Molland
+47 92979797
Halvor.Molland@hydro.com
This information is subject to the disclosure requirements pursuant to Section 5 -12 of the Norwegian Securities Trading Act and the Euronext Rule Book part II.
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