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. Recent transactions from October 30 to November 5, 2024, show the company purchased a total of 681,869 shares at prices ranging from NOK 68.10 to NOK 69.79. The accumulated total under the program to date is 7,432,695 shares at an average price of NOK 66.03. Following these transactions, Norsk Hydro now owns 21,515,200 shares, representing 1.07% of its share capital.
Positive
- Consistent execution of share buyback program indicating strong cash position
- Increased ownership stake to 1.07% of share capital
- Strategic return of capital to shareholders
Negative
- Significant cash outflow of NOK 490,785,751 for buyback program
News Market Reaction 1 Alert
On the day this news was published, NHYDY declined 3.22%, 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 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) |
| 30/10/2024 | 89 000 | 68.78 | 6 121 580 |
| 31/10/2024 | 178 900 | 68.10 | 12 183 358 |
| 01/11/2024 | 110 000 | 68.75 | 7 562 236 |
| 04/11/2024 | 165 000 | 69.43 | 11 455 554 |
| 05/10/2024 | 138 969 | 69.79 | 9 699 050 |
| Previous Transactions | 6 750 826 | ||
| Accumulated to date | 7 432 695 | 66.03 | 490 785 751 |
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 21 515 200 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 does Norsk Hydro's (NHYDY) current share buyback program end?
How many shares has Norsk Hydro (NHYDY) accumulated in its buyback program to date?
What percentage of shares does Norsk Hydro (NHYDY) own after recent buybacks?
