Norsk Hydro: Status share buyback program

Rhea-AI Summary

Norsk Hydro ASA announced its share buyback program, active from September 23, 2022, to March 29, 2023, significantly increasing its ownership of its own shares. Over this period, the company repurchased a total of 13,494,000 shares at an average price of 69.70 NOK, leading to a total transaction value of approximately 940.5 million NOK. Following these transactions, Norsk Hydro holds 29,946,403 shares, representing 1.45% of its share capital. This move is seen as a strategy to enhance shareholder value and confidence in the company's future.

Positive

• Increased share buybacks demonstrate commitment to enhancing shareholder value.
• Total of 13,494,000 shares bought back represents a significant investment.
• The average buyback price of 69.70 NOK may support stock price stability.

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)
31.01.2023	127 000	79.49	10 095 522
01.02.2023	123 000	81.37	10 008 608
02.02.2023	125 000	80.45	10 055 963
03.02.2023	126 000	79.75	10 048 072
06.02.2023	124 000	80.31	9 958 291
Previous transactions	12 869 000
Total transaction under the program	13 494 000	69.70	940 532 493

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 29 946 403 shares, corresponding to 1.45% 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 06 02 2023

FAQ

What is the total number of shares bought back by Norsk Hydro ASA?

Norsk Hydro ASA repurchased a total of 13,494,000 shares under the buyback program.

What was the average price per share during the buyback program for NHYDY?

The average buyback price for Norsk Hydro ASA was 69.70 NOK per share.

What is the total transaction value of the share buyback by Norsk Hydro?

The total transaction value for the share buyback program was approximately 940.5 million NOK.

How many shares does Norsk Hydro ASA own after the buybacks?

After the buyback transactions, Norsk Hydro ASA owns a total of 29,946,403 shares.

When did the share buyback program for NHYDY start and end?

The share buyback program for Norsk Hydro ASA started on September 23, 2022, and ended on March 29, 2023.