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 November 13-19, 2024, the company purchased a total of 843,778 shares at varying prices. The accumulated volume to date is 9,733,684 shares at an average price of NOK 66.17, totaling NOK 644,037,928. Prior to the program, Norsk Hydro owned 14,082,505 shares. Following these transactions, the company now owns 23,816,189 shares, representing 1.19% of its total share capital.
Positive
- Share buyback program demonstrates confidence in company value and commitment to shareholder returns
- Company has accumulated 9.7 million shares, showing strong execution of buyback program
- Increased ownership to 1.19% of total share capital
Negative
- Significant cash expenditure of NOK 644 million on share buybacks reduces available capital for operations or investments
News Market Reaction – NHYDY
On the day this news was published, NHYDY declined 0.15%, 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) |
| 13/11/2024 | 580 000 | 64.88 | 37 627 442 |
| 14/11/2024 | 215 020 | 64.60 | 13 891 195 |
| 15/11/2024 | 38 758 | 66.12 | 2 562 652 |
| 18/11/2024 | - | 0.00 | - |
| 19/11/2024 | 10 000 | 70.12 | 701 189 |
| Previous Transactions | 8 889 906 | ||
| Accumulated to date | 9 733 684 | 66.17 | 644 037 928 |
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 23 816 189 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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