Norsk Hydro: Status share buyback program
Rhea-AI Summary
Norsk Hydro ASA provided an update on its share buyback program, which runs from September 11, 2024, to February 28, 2025. Between November 20-26, 2024, the company purchased a total of 164,730 shares at prices ranging from NOK 71.38 to 72.13. The accumulated volume to date is 9,898,414 shares at an average price of NOK 66.26, totaling NOK 655,855,748. Following these transactions, Norsk Hydro now owns 23,980,919 shares, representing 1.19% of its share capital.
Positive
- Continued execution of share buyback program demonstrates financial strength
- Company maintains strong cash position to support buyback program
- Increasing ownership percentage shows commitment to shareholder value
Negative
- Share buyback reduces cash available for operations and investments
News Market Reaction
On the day this news was published, NHYDY declined 2.98%, 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 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) |
| 20/11/2024 | 50 000 | 72.13 | 3 606 565 |
| 21/11/2024 | 50 000 | 71.38 | 3 569 195 |
| 22/11/2024 | 30 000 | 71.40 | 2 142 039 |
| 25/11/2024 | - | - | - |
| 26/11/2024 | 34 730 | 71.98 | 2 500 022 |
| Previous Transactions | 9 733 684 | ||
| Accumulated to date | 9 898 414 | 66.26 | 655 855 748 |
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 23 980 919 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
FAQ
What is the total value of Norsk Hydro's (NHYDY) share buyback program as of November 26, 2024?
When does Norsk Hydro's (NHYDY) current share buyback program end?
How many shares does Norsk Hydro (NHYDY) own after the latest buyback transactions?
