Norsk Hydro: Status share buyback program
Norsk Hydro ASA has concluded its share buyback program, which commenced on September 23, 2022, and ended on March 10, 2023.
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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.
Details
News Market Reaction – NHYDY
The recorded move for NHYDY in the trading session of this news was +0.71%.
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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 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
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
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