Norsk Hydro: Status share buyback program

Rhea-AI Summary

Norsk Hydro ASA announced its share buyback transactions from September 23, 2022, to March 29, 2023. The program involved the acquisition of 6,895,000 shares at an average price of 64.51 NOK, totaling approximately 444.78 million NOK. Prior to the buyback, Norsk Hydro held 16,452,403 shares and following the transactions, it now owns 23,347,403 shares, representing 1.13% of its share capital. This buyback reflects the company's commitment to enhancing shareholder value and confidence in its financial position.

Positive

• Norsk Hydro repurchased 6,895,000 shares, indicating a strong commitment to shareholder value.
• The buyback program totaled approximately 444.78 million NOK, reflecting financial strength.
• The increase in ownership to 23,347,403 shares signals confidence in future performance.

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)
21.11.2022	140 000	70.34	9 848 020
22.11.2022	138 000	71.85	9 914 983
23.11.2022	132 000	73.55	9 708 296
24.11.2022	135 000	73.72	9 951 539
25.11.2022	135 000	73.46	9 917 532
Previous transactions	6 215 000
Total transaction under the program	6 895 000	64.51	444 781 447

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 23 347 403 shares, corresponding to 1.13% 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 25 11 2022

FAQ

What was the purpose of Norsk Hydro's share buyback program NHYDY?

The share buyback program aimed to enhance shareholder value and demonstrate the company's confidence in its financial strength.

How many shares did Norsk Hydro buy back during the NHYDY program?

Norsk Hydro repurchased a total of 6,895,000 shares under the buyback program.

What is the total value of the buybacks made by Norsk Hydro (NHYDY)?

The total transaction value of the buybacks was approximately 444.78 million NOK.

What percentage of share capital does Norsk Hydro own after the buyback program NHYDY?

After the buyback program, Norsk Hydro owns a total of 23,347,403 shares, which is 1.13% of the company's share capital.

When did Norsk Hydro start and end the share buyback program NHYDY?

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