Norsk Hydro: Status share buyback program
Rhea-AI Summary
Norsk Hydro ASA has completed its share buyback program, initially announced on September 23, 2022, and running until March 29, 2023. The program involved the purchase of a total of 12,248,000 shares at an average price of 68.58 NOK, culminating in a total transaction value of 840,027,570 NOK. Prior to this program, the company owned 16,452,403 shares, increasing its holdings to a total of 28,700,403 shares, which represents 1.39% of its share capital. This initiative may enhance shareholder value by potentially improving earnings per share (EPS).
Positive
- Increased share buyback to 12,248,000 shares enhances shareholder value.
- Total buyback value reached 840,027,570 NOK, indicating strong capital deployment.
Negative
- None.
News Market Reaction
On the day this news was published, NHYDY declined 2.08%, 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 29, 2023
Overview of transactions:
| Date | Aggregate daily volume (no. of shares) | Average price (NOK) | Total transaction value (NOK) |
| 17.01.2023 | 129 000 | 78.28 | 10 098 133 |
| 18.01.2023 | 122 000 | 81.55 | 9 949 588 |
| 19.01.2023 | 126 000 | 79.91 | 10 069 101 |
| 20.01.2023 | 125 000 | 80.36 | 10 044 563 |
| 23.01.2023 | 123 000 | 81.70 | 10 049 457 |
| Previous transactions | 11 623 000 | ||
| Total transaction under the program | 12 248 000 | 68.58 | 840 027 570 |
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 28 700 403 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 value of Norsk Hydro's share buyback program?
When did Norsk Hydro ASA announce its share buyback program?
How many shares did Norsk Hydro buy back during the program?
What percentage of Norsk Hydro's share capital do the bought-back shares represent?
What was the average purchase price for the shares bought back by Norsk Hydro?
