Norsk Hydro: Status share buyback program

Rhea-AI Summary

Norsk Hydro ASA has provided an update on its share buyback program, which was announced on September 11, 2024, and is set to end on February 28, 2025. The company has reported transactions from October 9 to October 15, 2024, with a total of 824,814 shares purchased at an average price of 67.71 NOK per share, amounting to a total transaction value of 55,651,500 NOK.

Including previous transactions, Norsk Hydro has accumulated 4,662,770 shares under this program, with a total value of 301,309,742 NOK at an average price of 64.62 NOK per share. Prior to the buyback, the company owned 14,082,505 own shares. Following these transactions, Norsk Hydro now owns a total of 18,745,275 shares, representing 0.93% of its share capital.

Positive

• Norsk Hydro is actively repurchasing shares, potentially increasing shareholder value
• The company has bought back 4,662,770 shares, demonstrating confidence in its stock
• The average share price of 64.62 NOK for the buyback program suggests potential value for shareholders

Negative

• The share buyback program may reduce cash reserves available for other investments or operations

Please see below information about transactions made under the share buyback program for Norsk Hydro ASA.

Announcement date of the share buyback program: September 11, 2024

End date of the share buyback program: February 28, 2025

Overview of transactions:

Date	Aggregated daily volume (number of Shares)	Weighted average share price per day (NOK)	Total daily transaction value (NOK)
09/10/2024	230 000	66.54	15 303 740
10/10/2024	218 521	66.99	14 637 695
11/10/2024	8 293	68.37	566 967
14/10/2024	113 000	69.38	7 840 302
15/10/2024	255 000	67.85	17 302 796
Previous Transactions	3 837 956
Accumulated to date	4 662 770	64.62	301 309 742

Prior to the share buyback program Norsk Hydro ASA owned a total of 14 082 505 own shares. Following the above listed transactions, Norsk Hydro ASA owns a total of 18 745 275 shares, corresponding to 0.93% 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.

Investor contact:

Martine Rambøl Hagen

Head of Investor Relations

+47 91708918

Martine.Rambol.Hagen@hydro.com

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.

Attachment

• 151024_Norsk Hydro_Share Buyback Tracker

FAQ

When did Norsk Hydro ASA (NHYDY) announce its current share buyback program?

Norsk Hydro ASA announced its current share buyback program on September 11, 2024.

What is the end date of Norsk Hydro's (NHYDY) current share buyback program?

The current share buyback program for Norsk Hydro ASA is set to end on February 28, 2025.

How many shares has Norsk Hydro (NHYDY) repurchased under the current program as of October 15, 2024?

As of October 15, 2024, Norsk Hydro ASA has repurchased a total of 4,662,770 shares under the current buyback program.

What percentage of Norsk Hydro's (NHYDY) share capital does the company own after recent buybacks?

Following the recent buybacks, Norsk Hydro ASA owns 18,745,275 shares, corresponding to 0.93% of its share capital.