Norsk Hydro: Status share buyback program

Rhea-AI Summary

Norsk Hydro ASA has completed its share buyback program, which began on September 23, 2022, and ended on March 29, 2023. During this period, the company repurchased a total of 9,603,000 shares at an average price of 66.77 NOK, amounting to a total transaction value of 641,200,903 NOK. Following these transactions, Norsk Hydro ASA now holds 26,055,403 shares, representing 1.26% of the company’s share capital. This buyback program was executed to enhance shareholder value.

Positive

• Completion of the buyback program totaling 9,603,000 shares boosts shareholder value.
• Total transaction value of 641,200,903 NOK reflects commitment to returning capital to shareholders.

Negative

• None.

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)
19.12.2022	140 000	69.92	9 789 360
20.12.2022	137 000	70.57	9 667 432
21.12.2022	137 000	72.01	9 865 671
22.12.2022	135 000	72.55	9 794 561
23.12.2022	135 000	72.87	9 838 004
Previous transactions	8 919 000
Total transaction under the program	9 603 000	66.77	641 200 903

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 26 055 403 shares, corresponding to 1.26 % 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.

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

• NHY Share buyback 23 12 2022

FAQ

What are the details of Norsk Hydro ASA's share buyback program?

Norsk Hydro ASA's share buyback program started on September 23, 2022, and ended on March 29, 2023, with a total of 9,603,000 shares repurchased.

How much did Norsk Hydro ASA spend on its share buyback program?

The total transaction value for the buyback program was 641,200,903 NOK.

What is the impact of the share buyback on Norsk Hydro ASA's shares?

Following the buyback, Norsk Hydro ASA now owns 26,055,403 shares, which is 1.26% of its total share capital, potentially increasing the value of remaining shares.

When was the last transaction made under Norsk Hydro ASA's buyback program?

The last transaction of the buyback program was completed on March 29, 2023.

What was the average purchase price during the buyback of Norsk Hydro ASA?

The average price paid during the buyback program was 66.77 NOK per share.