Norsk Hydro: Status share buyback program
Norsk Hydro ASA has completed its share buyback program initiated on September 23, 2022, and concluded on March 29, 2023. During this period, the company repurchased a total of 4,083,000 shares, resulting in a total transaction value of NOK 247,464,736 at an average price of NOK 60.61 per share. Following these transactions, Norsk Hydro ASA now holds 20,535,403 shares, equivalent to 0.99% of its share capital. This buyback program aligns with the company’s commitment to enhancing shareholder value.
- Completion of buyback program enhances shareholder value.
- Increased ownership in company shares to 0.99% of share capital.
- None.
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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) |
| 24.10.2022 | 160 000 | 61.96 | 9 913 248 |
| 25.10.2022 | 155 000 | 62.23 | 9 645 371 |
| 26.10.2022 | 150 000 | 65.27 | 9 790 410 |
| 27.10.2022 | 150 000 | 66.76 | 10 013 475 |
| 28.10.2022 | 150 000 | 65.18 | 9 777 450 |
| Previous transactions | 3 318 000 | ||
| Total transaction under the program | 4 083 000 | 60.61 | 247 464 736 |
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 20 535 403 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.
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
FAQ
What was the total amount spent on Norsk Hydro's share buyback program?
How many shares did Norsk Hydro ASA repurchase during the buyback program?
What percentage of its share capital does Norsk Hydro own after the buyback?
When did Norsk Hydro ASA announce its share buyback program?
What was the average price per share during the buyback program?
