Norsk Hydro: Status share buyback program
Norsk Hydro ASA announced the completion of its share buyback program, initially announced on September 23, 2022, and concluded on March 29, 2023. Throughout the program, a total of 11,623,000 shares were repurchased at an average price of NOK 67.95, totaling NOK 789,816,729. Following these transactions, Norsk Hydro now holds 28,075,403 shares, representing 1.36% of its share capital. This move is expected to enhance shareholder value by reducing the number of outstanding shares.
- Share buyback program totaling NOK 789,816,729 strengthens shareholder value.
- Increased ownership of shares to 28,075,403 enhances company influence.
- 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) |
| 10.01.2023 | 132 000 | 75.14 | 9 918 269 |
| 11.01.2023 | 132 000 | 75.33 | 9 944 180 |
| 12.01.2023 | 132 000 | 75.21 | 9 928 156 |
| 13.01.2023 | 132 000 | 76.20 | 10 058 466 |
| 16.01.2023 | 130 000 | 77.30 | 10 048 974 |
| Previous transactions | 10 965 000 | ||
| Total transaction under the program | 11 623 000 | 67.95 | 789 816 729 |
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 28 075 403 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
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