Norsk Hydro: Status share buyback program

Rhea-AI Summary

Norsk Hydro ASA announced the completion of its share buyback program, which ran from September 23, 2022, to March 29, 2023. During this period, a total of 865,000 shares were repurchased at an average price of 57.13 NOK, totaling 49,415,263 NOK. Following these transactions, Norsk Hydro owns 17,317,403 shares, amounting to 0.84% of its share capital. This buyback aims to enhance shareholder value and reflects confidence in the company's future performance.

Positive

• Repurchased 865,000 shares at an average price of 57.13 NOK, totaling 49,415,263 NOK, enhancing shareholder value.
• Current ownership of 17,317,403 shares reflects 0.84% of total share capital, suggesting strong market confidence.

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)	Volume weighted average price (NOK)	Total transaction value (NOK)
26.09.2022	177 000	55.91	9 895 238
27.09.2022	170 000	57.77	9 820 305
28.09.2022	178 000	55.87	9 945 447
29.09.2022	170 000	57.67	9 803 526
30.09.2022	170 000	58.53	9 950 746
Total transactions under the program:	865 000	57.13	49 415 263

Following the above listed transactions, Norsk Hydro ASA owns a total of 17 317 403 shares, corresponding to 0.84% 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

• Trade Overview September 30 2022

FAQ

What was the total number of shares repurchased by Norsk Hydro under the buyback program?

Norsk Hydro repurchased a total of 865,000 shares during the buyback program.

What was the average price per share in Norsk Hydro's buyback program?

The average price per share during the buyback program was 57.13 NOK.

What is the total value of shares repurchased by Norsk Hydro?

The total value of shares repurchased by Norsk Hydro amounts to 49,415,263 NOK.

How much of Norsk Hydro's share capital is owned after the buyback?

After the buyback, Norsk Hydro owns 0.84% of its share capital.