Norsk Hydro: Market part of Hydro`s 2023-2024 share buyback program finalized
February 01 2024 - 3:00AM
Norsk Hydro: Market part of Hydro`s 2023-2024 share buyback program
finalized
On January 31, 2024, Hydro finalized the open market
repurchase of the 2023-2024 buyback program as announced on
September 22, 2023.
The total program comprises 32 192 623 shares, of which 21 163
019 shares were repurchased in the market. The remaining 11 029 604
shares will be purchased from the Norwegian state through the
Ministry of Trade, Industry and Fisheries, and therefore the
Ministry's ownership interest in Norsk Hydro ASA of 34.26% will
remain unchanged.
The 32 192 623 shares will be cancelled following approval by
the Annual General Meeting in May 2024. The shares that have been
repurchased in the open market have had an immediate cash effect,
whereas the pro rata shares from the Norwegian state will be paid
simultaneously with the capital reduction in mid-2024.
The weighted average price for the 21 163 019 shares was NOK
62.13.
Please see below information about the last transactions made
under the share buyback program for Norsk Hydro ASA.
Overview of transactions:
Date |
Aggregated daily volume (number of Shares) |
Weighted average share price per day (NOK) |
Total daily transaction value (NOK) |
31.1.24 |
180 747 |
61.86 |
11 181 281 |
Previous transactions |
20 982 272 |
|
|
|
|
|
|
Accumulated to date |
21 163 019 |
62.13 |
1 314 799 977 |
Prior to the share buyback program Norsk Hydro ASA owned a total
of 15 096 878 own shares. Following the above listed transactions,
Norsk Hydro ASA owns a total of 36 259 897 shares, corresponding to
1.78% 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.
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.
Investor contact:
Martine Rambøl Hagen Head of Investor Relations +47 91708918
Martine.Rambol.Hagen@hydro.com
- 2024 01 31_Daily Buyback Report
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