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 conclude on February 28, 2025. The company has reported transactions from September 25 to October 1, 2024, with daily volumes ranging from 78,087 to 240,000 shares. The weighted average share prices varied between NOK 65.10 and NOK 68.54 per day.
To date, Norsk Hydro has accumulated 2,740,956 shares under this program, with a total transaction value of NOK 171,399,526. Prior to the buyback, the company owned 14,082,505 own shares. Following these transactions, Norsk Hydro now owns a total of 16,823,461 shares, representing 0.84% of its share capital. Detailed transaction information is available on www.newsweb.no.
Positive
- Share buyback program demonstrates confidence in company's value
- Accumulated 2,740,956 shares, worth NOK 171,399,526
- Increased ownership to 0.84% of company's share capital
Negative
- Potential reduction in cash reserves due to share repurchases
News Market Reaction 1 Alert
On the day this news was published, NHYDY gained 0.62%, reflecting a mild positive 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) |
| 25/09/2024 | 240 000 | 65.10 | 15 623 376 |
| 26/09/2024 | 78 087 | 66.92 | 5 225 652 |
| 27/09/2024 | 114 000 | 68.35 | 7 791 535 |
| 30/09/2024 | 210 000 | 68.54 | 14 392 476 |
| 01/10/2024 | 196 780 | 68.33 | 13 446 627 |
| Previous Transactions | 1 902 089 | ||
| Accumulated to date | 2 740 956 | 62.53 | 171 399 526 |
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 16 823 461 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 did Norsk Hydro (NHYDY) announce its current share buyback program?
What is the end date of Norsk Hydro's (NHYDY) current share buyback program?
How many shares has Norsk Hydro (NHYDY) repurchased under the current program as of October 1, 2024?
What percentage of Norsk Hydro's (NHYDY) share capital does the company own after recent buybacks?
