Norsk Hydro: Status share buyback program

Rhea-AI Summary

Norsk Hydro ASA (NHYDY) has initiated a share buyback program, running from September 11, 2024, to February 28, 2025. As of September 17, 2024, the company has repurchased 1,038,589 shares at an average price of NOK 59.09, totaling NOK 61,373,610. Key details include:

- Daily volumes ranged from 154,089 to 240,000 shares
- Share prices varied between NOK 57.40 and NOK 60.99
- Prior to the program, Norsk Hydro owned 14,082,505 own shares
- After these transactions, the company now owns 15,121,094 shares, representing 0.75% of its share capital

This buyback demonstrates Norsk Hydro's confidence in its stock value and commitment to enhancing shareholder returns.

Positive

• Implementation of share buyback program, potentially increasing shareholder value
• Acquisition of 1,038,589 shares, representing a significant investment in the company's stock
• Total buyback value of NOK 61,373,610, demonstrating strong financial capacity
• Increase in owned shares from 14,082,505 to 15,121,094, strengthening the company's position

Negative

• Allocation of NOK 61,373,610 for share buybacks may reduce funds available for other investments or operations
• Increase in treasury shares to 0.75% of share capital, potentially affecting liquidity

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)
11/09/2024	240 000	57.40	13 776 048
12/09/2024	224 500	58.99	13 242 761
13/09/2024	240 000	58.84	14 121 600
16/09/2024	154 089	60.07	9 255 649
17/09/2024	180 000	60.99	10 977 552
Previous Transactions	0
Accumulated to date	1 038 589	59.09	61 373 610

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 15 121 094 shares, corresponding to 0.75% 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

• 170924_Norsk Hydro_Share_Buyback_Weekly_Report

FAQ

What is the duration of Norsk Hydro's (NHYDY) share buyback program?

Norsk Hydro's (NHYDY) share buyback program runs from September 11, 2024, to February 28, 2025.

How many shares has Norsk Hydro (NHYDY) repurchased as of September 17, 2024?

As of September 17, 2024, Norsk Hydro (NHYDY) has repurchased 1,038,589 shares under its current buyback program.

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

The weighted average price per share in Norsk Hydro's (NHYDY) buyback program is NOK 59.09.

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

After the recent buybacks, Norsk Hydro (NHYDY) now owns 15,121,094 shares, corresponding to 0.75% of its share capital.