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 scheduled to end on February 28, 2025. Recent transactions include purchases of 269,000 shares at NOK 62.84 on December 27, 524,298 shares at NOK 62.49 on December 30, and 100,000 shares at NOK 63.71 on January 2, 2025.
The company has accumulated 18,318,885 shares under this program to date, with total transaction value reaching NOK 1,204,511,682. Prior to the program, Norsk Hydro owned 14,082,505 shares. Following these transactions, the company now holds 32,401,390 shares, representing 1.61% of its total share capital.
Positive
- Strong share buyback program with NOK 1.2 billion invested to date
- Consistent execution of buyback program showing financial strength
- Strategic accumulation of 1.61% of total share capital
Negative
- Significant cash outflow for share repurchases
News Market Reaction
On the day this news was published, NHYDY declined 0.67%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
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) |
| 27/12/2024 | 269 000 | 62.84 | 16 904 417 |
| 30/12/2024 | 524 298 | 62.49 | 32 763 330 |
| 31/12/2024 | |||
| 01/01/2025 | |||
| 02/01/2025 | 100 000 | 63.71 | 6 370 900 |
| Previous Transactions | 17 425 587 | ||
| Accumulated to date | 18 318 885 | 65.75 | 1 204 511 682 |
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 32 401 390 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.
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?
How many shares has Norsk Hydro (NHYDY) purchased under its current buyback program?
What is the total value of shares purchased in Norsk Hydro's (NHYDY) buyback program?
What percentage of Norsk Hydro's (NHYDY) share capital does the company now own?
When did Norsk Hydro (NHYDY) announce its current share buyback program?
