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 27 and December 3, 2024, the company purchased a total of 1,445,900 shares at prices ranging from NOK 68.03 to NOK 69.55 per share. The accumulated total under the program to date is 11,344,314 shares at an average price of NOK 66.55, representing a total investment of NOK 754,960,592. Following these transactions, Norsk Hydro now owns 25,426,819 shares, equivalent to 1.27% of its share capital.
Positive
- Significant share buyback program demonstrates confidence in company value
- Company has accumulated 1.27% of total share capital through buybacks
- Total investment of NOK 754.96 million in share repurchases to date
Negative
- Share buyback reduces company's cash reserves
News Market Reaction
On the day this news was published, NHYDY gained 1.05%, reflecting a mild positive 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) |
| 27/11/2024 | 300 000 | 69.55 | 20 864 880 |
| 28/11/2024 | 460 000 | 68.28 | 31 408 018 |
| 29/11/2024 | 330 900 | 68.46 | 22 653 149 |
| 02/12/2024 | 325 000 | 68.03 | 22 110 530 |
| 03/12/2024 | 30 000 | 68.94 | 2 068 266 |
| Previous Transactions | 9 898 414 | ||
| Accumulated to date | 11 344 314 | 66.55 | 754 960 592 |
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 25 426 819 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.
Attachment
FAQ
When will Norsk Hydro's (NHYDY) current share buyback program end?
How many shares has Norsk Hydro (NHYDY) bought back as of December 3, 2024?
What percentage of Norsk Hydro (NHYDY) shares does the company own after recent buybacks?
What is the total value of Norsk Hydro's (NHYDY) share buybacks to date?
