Norsk Hydro: Status share buyback program

Rhea-AI Summary

Norsk Hydro ASA has concluded its share buyback program, which commenced on September 23, 2022, and ended on March 10, 2023. Throughout the program, the company repurchased a total of 16,310,000 shares for an aggregate transaction value of 1,160,560,238 NOK, at an average price of 71.16 NOK per share. Following these transactions, Norsk Hydro now holds a total of 32,762,403 shares, representing 1.58% of its share capital. This move aims to enhance shareholder value and reflects the company's confidence in its financial stability.

Positive

• Increased total shareholding to 32,762,403 shares, enhancing shareholder value.
• Significant investment of 1,160,560,238 NOK demonstrates financial 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 10, 2023

Overview of transactions:

Date	Aggregate daily volume (no. of shares)	Average price (NOK)	Total transaction value (NOK)
21.02.2023	210 000	80.66	16 938 306
22.02.2023	218 000	78.62	17 139 095
23.02.2023	215 000	78.22	16 818 246
24.02.2023	226 000	75.63	17 091 770
27.02.2023	228 000	74.86	17 068 126
Previous transactions	15 213 000
Total transaction under the program	16 310 000	71.16	1 160 560 238

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 32 762 403 shares, corresponding to 1.58% 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

• NHY Share buyback 27 02 2023

FAQ

What is the total amount spent on the NHYDY share buyback program?

The total amount spent on the NHYDY share buyback program was 1,160,560,238 NOK.

How many shares did Norsk Hydro repurchase under the buyback program?

Norsk Hydro repurchased a total of 16,310,000 shares under the buyback program.

What percentage of Norsk Hydro's share capital do the repurchased shares represent?

The repurchased shares represent 1.58% of Norsk Hydro's share capital.

When did the NHYDY buyback program start and end?

The NHYDY buyback program started on September 23, 2022, and ended on March 10, 2023.

What was the average price per share during the NHYDY buyback?

The average price per share during the NHYDY buyback was 71.16 NOK.