Norsk Hydro: Status share buyback program
Rhea-AI Summary
Norsk Hydro ASA has provided an update on its share buyback program announced on September 11, 2024, which will run until February 28, 2025. From October 16-22, 2024, the company purchased a total of 871,780 shares at prices ranging from NOK 68.47 to 69.69 per share. The accumulated total under the program to date is 5,534,550 shares at an average price of NOK 65.28, with a total transaction value of NOK 361,285,470. Following these transactions, Norsk Hydro now owns 19,617,055 shares, representing 0.98% of its share capital.
Positive
- Significant share buyback program demonstrates confidence in company value
- Company has accumulated 5.53 million shares, showing strong execution of buyback program
- Total investment of NOK 361.28 million in share repurchases
Negative
- None.
News Market Reaction – NHYDY
On the day this news was published, NHYDY declined 1.77%, reflecting a mild 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) |
| 16/10/2024 | 219 200 | 68.76 | 15 072 345 |
| 17/10/2024 | 164 000 | 68.67 | 11 262 077 |
| 18/10/2024 | 54 580 | 69.69 | 3 803 899 |
| 21/10/2024 | 164 000 | 69.21 | 11 351 129 |
| 22/10/2024 | 270 000 | 68.47 | 18 486 279 |
| Previous Transactions | 4 662 770 | ||
| Accumulated to date | 5 534 550 | 65.28 | 361 285 470 |
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 19 617 055 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.
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