Norsk Hydro: Status share buyback program
Rhea-AI Summary
Norsk Hydro ASA has completed its share buyback program, which began on September 23, 2022, and ended on March 10, 2023. During this period, the company repurchased a total of 17,399,000 shares at an average price of 71.64 NOK, resulting in a total transaction value of approximately 1.25 billion NOK. Prior to this program, Norsk Hydro owned 16,452,403 shares, and now holds 33,851,403 shares, amounting to 1.64% of its share capital. This initiative aims to enhance shareholder value and reflects the company's confidence in its financial health.
Positive
- Increased total share ownership to 33,851,403 shares, enhancing shareholder value.
- Completed buyback program with a substantial total transaction value of approximately 1.25 billion NOK.
Negative
- None.
News Market Reaction
On the day this news was published, NHYDY declined 3.12%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
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 10, 2023
Overview of transactions:
| Date | Aggregate daily volume (no. of shares) | Average price (NOK) | Total transaction value (NOK) |
| 28.02.2023 | 228 000 | 75.80 | 17 283 152 |
| 01.03.2023 | 217 149 | 78.84 | 17 119 354 |
| 02.03.2023 | 217 000 | 79.04 | 17 152 136 |
| 03.03.2023 | 211 851 | 80.93 | 17 145 207 |
| 06.03.2023 | 215 000 | 80.07 | 17 214 491 |
| Previous transactions | 16 310 000 | ||
| Total transaction under the program | 17 399 000 | 71.64 | 1 246 474 579 |
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 33 851 403 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.
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
FAQ
What was the total share buyback amount for Norsk Hydro ASA?
What is the new total number of shares owned by Norsk Hydro ASA after the buyback?
What was the average buyback price per share for Norsk Hydro ASA?
When did Norsk Hydro ASA start and end its share buyback program?
