Norsk Hydro A S Stock Price, News & Analysis

Norsk Hydro ASA's shares are now trading ex-dividend of NOK 1.45, effective from September 21, 2022. Investors should note this adjustment, as it will impact the share price going forward. This dividend indicates the company's commitment to returning value to its shareholders. The payment details and any further inquiries can be directed to the investor contact, Line Haugetraa.

Vianode, jointly owned by Elkem, Hydro, and Altor, announces a NOK 2 billion investment in its first industrial plant for sustainable battery materials in Herøya, Norway. This facility will produce anode graphite for approximately 20,000 electric vehicles (EVs) annually by 2024 and aims to address Europe's impending graphite material shortage by 2030. Vianode's eco-friendly materials will slash CO₂ emissions by up to 90%, enhancing battery performance. The company plans to recruit around 100 new employees by the end of 2023, potentially increasing to 300 by 2026.

The Extraordinary General Meeting of Norsk Hydro ASA took place on September 20, 2022, where all agenda proposals received approval.

Notably, a dividend of NOK 1.45 per share was approved for distribution, with payment scheduled for September 30, 2022. Shareholders registered as of September 20, 2022, will receive this dividend, and the shares will trade ex-dividend starting September 21, 2022.

Minutes from the meeting are available at www.hydro.com/generalmeeting.

Norsk Hydro ASA announced a press release detailing upcoming disclosures as per the Norwegian Securities Trading Act. The company is committed to adhering to transparency and regulatory compliance, aligning with financial reporting standards. The press release includes an attachment link for further detailed information regarding the company’s financial position and assessments. Investors are encouraged to review the document for pertinent financial insights and developments concerning Norsk Hydro.

Norsk Hydro ASA announces an extraordinary general meeting on September 20, 2022, at 09:30 (CEST). The meeting will be held electronically, allowing shareholders to participate and vote in real-time, in advance, or by proxy. A guide for electronic participation is available on their website. All relevant documents related to the meeting, including the notice and voting forms, can be accessed online. This information is disclosed under the requirements of the Norwegian Securities Trading Act.

The Board of Directors of Norsk Hydro ASA has proposed an additional dividend of NOK 1.45 per share based on the financial results for 2021. The key dates for this dividend include:

• Last day including right: 20 September 2022
• Ex-date: 21 September 2022
• Record date: 22 September 2022
• Payment date: 30 September 2022

The proposal will be approved at the General Meeting on 20 September 2022.

Industri Energi and Norsk Industri have reached an agreement to resolve the labor dispute concerning the Electrochemical Agreement.

The strike at Hydro Sunndal has been called off immediately, allowing normal operations to resume starting tomorrow. This includes the shipping of products to customers, with expected minor delays.

The strike at Hydro Sunndal, which began today, affects around 30 members of Industri Energi. This action will lead to a gradual shutdown of 20% of production within four weeks and halt product shipments to customers. If the strike continues beyond four weeks, an additional 10% of production will be shut down weekly until a section of the production line is completely halted. The strike involves members under the Electrochemical Agreement and requires significant effort to ramp down production.

Hydro’s Slovalco aluminium facility in Slovakia will cease primary aluminium production by September 2022 due to adverse market conditions and high electricity costs. While the casthouse will continue recycling 75,000 tonnes of aluminium annually, the closure affects 300 employees and will result in a positive EBITDA impact of NOK 1.6 billion in H2 2022. The plant previously curtailed 40% of its capacity and will mothball primary production lines, which may resume in the future if conditions improve.