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On January 7, 2025, Hydro finalized the open market repurchase of the 2024-2025 buyback program as announced on September 10, 2024.
The total program comprises 30 526 862 shares, of which 20 067 969 shares were repurchased in the market. The remaining 10 458 893 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 30 526 862 shares will be cancelled following approval by the Annual General Meeting in May 2025. 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-2025.
The weighted average price for the 20 067 969 shares was NOK 65.52. Â
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)
03/01/2025
575 000
62.92
36 179 288
06/01/2025
360 882
63.00
22 736 252
07/01/2025
813 202
63.17
51 372 735
Previous Transactions
18 218 885
65.76
1 198 140 782
Accumulated to date
20 067 969
65.52
1 314 799 957
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 34 150 474 shares, corresponding to 1.70% 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.comÂ
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.
