Norsk Hydro: Status share buyback program
Norsk Hydro ASA announced the completion of its share buyback program, which ran from September 23, 2022, to March 29, 2023.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
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.
Details
News Market Reaction – NHYDY
The recorded move for NHYDY in the trading session of this news was +5.99%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.