Norsk Hydro: Status share buyback program

Rhea-AI Summary

Norsk Hydro ASA announced the completion of its share buyback program, which ran from September 23, 2022, to March 29, 2023. During this period, the company repurchased a total of 14,115,000 shares at an average price of 70.20 NOK, culminating in a total expenditure of 990,822,027 NOK. Following the buybacks, Norsk Hydro now holds 30,567,403 shares, representing 1.48% of its share capital. This initiative aims to enhance shareholder value and reflects the company's commitment to returning capital to its investors.

Positive

• Total of 14,115,000 shares repurchased, increasing shareholder value.
• Expenditure of 990,822,027 NOK demonstrates strong financial management.
• Ownership increased to 30,567,403 shares, enhancing shareholder confidence.

Negative

• None.

Please see below information about transactions made under the share buy-back program for Norsk Hydro ASA.

Announcement date of the share buyback program: September 23, 2022

End date of the share buyback program: March 29, 2023

Overview of transactions:

Date	Aggregate daily volume (no. of shares)	Average price (NOK)	Total transaction value (NOK)
07.02.2023	121 000	82.31	9 959 800
08.02.2023	122 000	82.72	10 091 669
09.02.2023	125 000	81.16	10 144 825
10.02.2023	125 000	79.77	9 971 025
13.02.2023	128 000	79.08	10 122 214
Previous transactions	13 494 000
Total transaction under the program	14 115 000	70.20	990 822 027

Prior to the share buyback program Norsk Hydro ASA owned a total of 16 452 403 own shares. Following the above listed transactions, Norsk Hydro ASA owns a total of 30 567 403 shares, corresponding to 1.48 % of Norsk Hydro ASA's share capital.

Attachment: An overview of all the completed transactions under the program for the dates specified above is attached to this notification and available on www.newsweb.no.

This is information that Norsk Hydro ASA is obliged to make public pursuant to the EU Market Abuse Regulation and subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

Investor contact:
Line Haugetraa
Head of Investor Relations
+47 41406376
Line.haugetraa@hydro.com

Attachment

• NHY Share buyback 13 02 2023

FAQ

What was the total value of the buyback program for NHYDY?

The total value of the buyback program was 990,822,027 NOK.

When did the share buyback program for NHYDY start and end?

The share buyback program started on September 23, 2022, and ended on March 29, 2023.

How many shares did Norsk Hydro repurchase under the buyback program?

Norsk Hydro repurchased a total of 14,115,000 shares.

What percentage of the share capital does Norsk Hydro hold after the buyback?

After the buyback, Norsk Hydro holds 1.48% of its share capital.