Norsk Hydro: Status share buyback program

Rhea-AI Summary

Norsk Hydro ASA has provided an update on its share buyback program, which runs from September 11, 2024, to February 28, 2025. Between December 11-17, 2024, the company purchased 2,525,000 shares at prices ranging from NOK 63.92 to NOK 65.94 per share. The total transaction value for this period was approximately NOK 164.2 million.

Including previous transactions, the company has accumulated 15,204,235 shares under the program at a weighted average price of NOK 66.38, totaling NOK 1.009 billion. Combined with previously owned shares, Norsk Hydro now holds 29,286,740 shares, representing 1.46% of its share capital.

Positive

• Strong commitment to shareholder returns through significant share buyback program
• Accumulated NOK 1.009 billion worth of shares under the current program
• Increased ownership position to 1.46% of company's share capital

Negative

• Declining share purchase prices from NOK 65.94 to NOK 63.92 over the reported period

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)
11/12/2024	475 000	65.94	31 321 975
12/12/2024	450 000	65.59	29 516 895
13/12/2024	500 000	65.44	32 720 100
16/12/2024	520 000	64.60	33 592 468
17/12/2024	580 000	63.92	37 072 672
Previous Transactions	12 679 235
Accumulated to date	15 204 235	66.38	1 009 308 744

 

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 29 286 740 shares, corresponding to 1.46% 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.

 

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

• 171224_Norsk Hydro_Share Buyback Tracker

FAQ

When will Norsk Hydro's (NHYDY) current share buyback program end?

Norsk Hydro's current share buyback program is scheduled to end on February 28, 2025.

How many shares has NHYDY purchased under its current buyback program?

Norsk Hydro has purchased 15,204,235 shares under the current buyback program as of December 17, 2024.

What is the total value of NHYDY's share buyback transactions to date?

The total value of share buyback transactions amounts to NOK 1.009 billion, with a weighted average price of NOK 66.38 per share.

What percentage of Norsk Hydro's share capital does the company now own?

Following the recent transactions, Norsk Hydro owns 29,286,740 shares, corresponding to 1.46% of its share capital.

What was the price range for NHYDY's share purchases between December 11-17, 2024?

The share purchase prices ranged from NOK 63.92 to NOK 65.94 during the period of December 11-17, 2024.