Press Release: Norsk Hydro: Market part of Hydro`s 2024-2025 share buyback program finalized

Norsk Hydro: Market part of Hydro`s 2024-2025 share buyback program finalized

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.

Please see below information about the last transactions made under the share buyback program for Norsk Hydro ASA.

Overview of transactions:

 
                       Aggregated daily  Weighted average      Total daily 
                        volume (number    share price per   transaction value 
Date                      of Shares)         day $(NOK)$            (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.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

   -- 070125_Norsk Hydro_Share Buyback Tracker 

(END) Dow Jones Newswires

January 08, 2025 06:00 ET (11:00 GMT)