Norsk Hydro: Status share buyback program
Norsk Hydro ASA has provided an update on its share buyback program announced on September 11, 2024, set to run until February 28, 2025.
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Rhea-AI Summary
Norsk Hydro ASA has provided an update on its share buyback program announced on September 11, 2024, set to run until February 28, 2025. Between December 18-24, 2024, the company purchased approximately 2.22 million shares at prices ranging from NOK 61.95 to 63.73 per share. The total accumulated transactions under the program to date amount to 17.42 million shares at an average price of NOK 65.911, representing a total investment of NOK 1.15 billion. Following these transactions, Norsk Hydro now owns 31.51 million shares, equivalent to 1.57% of its share capital.
Positive
- Substantial share buyback program indicating strong financial position
- Company has acquired 17.42 million shares, demonstrating commitment to shareholder value
- Significant treasury position with 1.57% ownership of total share capital
Negative
- Declining average purchase price indicates potential share price weakness
Details
News Market Reaction – NHYDY
The recorded move for NHYDY in the trading session of this news was -0.66%.
Data tracked by StockTitan Argus. Session date unavailable.
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Please see below information about transactions made under the share buyback program for Norsk Hydro ASA.
Announcement date of the share buyback program: September 11, 2024
End date of the share buyback program: February 28, 2025
Overview of transactions:
| Date | Aggregated daily volume (number of Shares) | Weighted average share price per day (NOK) | Total daily transaction value (NOK) |
| 18/12/2024 | 531 352 | 63.73 | 33 861 575 |
| 19/12/2024 | 600 000 | 62.50 | 37 502 160 |
| 20/12/2024 | 600 000 | 61.95 | 37 168 500 |
| 23/12/2024 | 490 000 | 62.51 | 30 632 056 |
| 24/12/2024 | |||
| Previous Transactions | 15 204 235 | ||
| Accumulated to date | 17 425 587 | 65.91 | 1 148 473 036 |
Prior to the share buyback program Norsk Hydro ASA owned a total of 14 082 505 own shares. Following the above listed transactions, Norsk Hydro ASA owns a total of 31 508 092 shares, corresponding to
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.
Investor contact:
Martine Rambøl Hagen
Head of Investor Relations
+47 91708918
Martine.Rambol.Hagen@hydro.com
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.
Attachment
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