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Norsk Hydro: Status share buyback program

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Norsk Hydro ASA has provided an update on its share buyback program announced on September 11, 2024, set to run until February 28, 2025. Between December 18-24, 2024, the company purchased approximately 2.22 million shares at prices ranging from NOK 61.95 to 63.73 per share. The total accumulated transactions under the program to date amount to 17.42 million shares at an average price of NOK 65.911, representing a total investment of NOK 1.15 billion. Following these transactions, Norsk Hydro now owns 31.51 million shares, equivalent to 1.57% of its share capital.

Norsk Hydro ASA ha fornito un aggiornamento sul suo programma di riacquisto di azioni annunciato l'11 settembre 2024, che durerà fino al 28 febbraio 2025. Tra il 18 e il 24 dicembre 2024, l'azienda ha acquistato circa 2,22 milioni di azioni a prezzi compresi tra 61,95 NOK e 63,73 NOK per azione. Le transazioni accumulate fino ad oggi all'interno del programma ammontano a 17,42 milioni di azioni a un prezzo medio di 65,911 NOK, rappresentando un investimento totale di 1,15 miliardi di NOK. A seguito di queste transazioni, Norsk Hydro possiede ora 31,51 milioni di azioni, equivalenti al 1,57% del proprio capitale azionario.

Norsk Hydro ASA ha proporcionado una actualización sobre su programa de recompra de acciones anunciado el 11 de septiembre de 2024, que se llevará a cabo hasta el 28 de febrero de 2025. Entre el 18 y el 24 de diciembre de 2024, la compañía compró aproximadamente 2,22 millones de acciones a precios que oscilaban entre 61,95 NOK y 63,73 NOK por acción. Las transacciones acumuladas hasta la fecha en el programa ascienden a 17,42 millones de acciones a un precio medio de 65,911 NOK, lo que representa una inversión total de 1,15 mil millones de NOK. Tras estas transacciones, Norsk Hydro posee ahora 31,51 millones de acciones, equivalentes al 1,57% de su capital social.

노르스크 하이드로 ASA는 2024년 9월 11일에 발표된 자사주 매입 프로그램에 대한 업데이트를 제공했습니다. 이 프로그램은 2025년 2월 28일까지 진행될 예정입니다. 2024년 12월 18일부터 24일 사이에 회사는 주당 61.95 NOK에서 63.73 NOK 사이의 가격으로 약 222만 주를 매입했습니다. 현재까지 프로그램에 따라 누적된 거래는 평균 가격 65.911 NOK로 1,742만 주에 달하며, 총 투자액은 11억 5천만 NOK에 이릅니다. 이러한 거래 후, 노르스크 하이드로는 현재 3,151만 주를 보유하고 있으며, 이는 자기 자본의 1.57%에 해당합니다.

Norsk Hydro ASA a fourni une mise à jour sur son programme de rachat d'actions annoncé le 11 septembre 2024, qui se déroulera jusqu'au 28 février 2025. Entre le 18 et le 24 décembre 2024, la société a acheté environ 2,22 millions d'actions à des prix allant de 61,95 NOK à 63,73 NOK par action. Les transactions cumulées dans le cadre du programme jusqu'à présent s'élèvent à 17,42 millions d'actions à un prix moyen de 65,911 NOK, représentant un investissement total de 1,15 milliard de NOK. Suite à ces transactions, Norsk Hydro possède désormais 31,51 millions d'actions, soit 1,57 % de son capital social.

Norsk Hydro ASA hat ein Update zu seinem am 11. September 2024 angekündigten Aktienrückkaufprogramm gegeben, das bis zum 28. Februar 2025 laufen soll. Zwischen dem 18. und 24. Dezember 2024 erwarb das Unternehmen etwa 2,22 Millionen Aktien zu Preisen zwischen 61,95 NOK und 63,73 NOK pro Aktie. Die bisher im Rahmen des Programms durchgeführten Transaktionen belaufen sich auf insgesamt 17,42 Millionen Aktien zu einem durchschnittlichen Preis von 65,911 NOK, was einer Gesamtinvestition von 1,15 Milliarden NOK entspricht. Nach diesen Transaktionen besitzt Norsk Hydro nun 31,51 Millionen Aktien, was 1,57% des Eigenkapitals ausmacht.

Positive
  • Substantial share buyback program indicating strong financial position
  • Company has acquired 17.42 million shares, demonstrating commitment to shareholder value
  • Significant treasury position with 1.57% ownership of total share capital
Negative
  • Declining average purchase price indicates potential share price weakness

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)
18/12/2024 531 35263.73 33 861 575
19/12/2024 600 00062.50 37 502 160
20/12/2024 600 00061.95 37 168 500
23/12/2024 490 00062.51 30 632 056
24/12/2024   
Previous Transactions 15 204 235  
Accumulated to date17 425 58765.911 148 473 036


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 31 508 092 shares, corresponding to 1.57% 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


FAQ

When will Norsk Hydro's (NHYDY) current share buyback program end?

Norsk Hydro's current share buyback program is scheduled to end on February 28, 2025.

How many shares has Norsk Hydro (NHYDY) bought back as of December 24, 2024?

As of December 24, 2024, Norsk Hydro has bought back 17,425,587 shares under the current program.

What is the average price paid per share in Norsk Hydro's (NHYDY) buyback program?

The weighted average price paid per share in the buyback program is NOK 65.911.

What percentage of Norsk Hydro's (NHYDY) shares does the company now own?

Following the buyback transactions, Norsk Hydro owns 31,508,092 shares, corresponding to 1.57% of its share capital.

How much has Norsk Hydro (NHYDY) spent on share buybacks to date?

Norsk Hydro has spent NOK 1,148,473,036 (approximately 1.15 billion NOK) on share buybacks under the current program.

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