Norsk Hydro: Status share buyback program
Norsk Hydro ASA has provided an update on its share buyback program, which runs from September 11, 2024, to February 28, 2025.
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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. From October 23-29, 2024, the company purchased 1,216,276 shares at prices ranging from NOK 67.37 to 68.26 per share. Including previous transactions, the company has accumulated 6,750,826 shares under the program at an average price of NOK 65.73. Prior to the program, Norsk Hydro owned 14,082,505 shares, and now holds 20,833,331 shares, representing 1.04% of its total share capital.
Positive
- Executing systematic share buyback program showing confidence in company value
- Accumulated significant ownership position of 1.04% of share capital
- Consistent share repurchases at stable price range
Negative
- None.
Details
News Market Reaction – NHYDY
The recorded move for NHYDY in the trading session of this news was -0.96%.
Data tracked by StockTitan Argus. Session date unavailable.
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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) |
| 23/10/2024 | 278 000 | 68.15 | 18 944 922 |
| 24/10/2024 | 250 000 | 68.26 | 17 065 900 |
| 25/10/2024 | 330 000 | 67.37 | 22 233 651 |
| 28/10/2024 | 352 746 | 67.63 | 23 857 729 |
| 29/10/2024 | 5 530 | 68.05 | 376 301 |
| Previous Transactions | 5 534 550 | ||
| Accumulated to date | 6 750 826 | 65.73 | 443 763 973 |
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 20 833 331 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
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