Norsk Hydro: Status share buyback program
Norsk Hydro ASA announced the completion of its share buyback program, which ran from September 23, 2022, to March 29, 2023.
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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.
Details
News Market Reaction – NHYDY
The recorded move for NHYDY in the trading session of this news was -3.23%.
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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
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