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Share buy-back program 2023-2024

The Board of Directors of Norsk Hydro ASA has resolved to initiate a share buyback program to service its shareholders by way of reducing its share capital. The share buyback program will be executed in accordance with the authorization granted to the Board of Directors by the Annual General Meeting of Norsk Hydro held on May 10, 2023.

The share buyback program covers purchase of up to 100,000,000 shares with a maximum value of NOK 2,000 million, inclusive of the proportional redemption of shares owned by the Norwegian State. NOK 2,000 million is equivalent to approximately 1.6% of the market value of the share capital in Norsk Hydro at the current share price level.

The buyback program will commence September 27, 2023 and is planned finalized within February 29, 2024, with the authorization being valid until June 30, 2024. The shares repurchased under the buyback program will be redeemed (cancelled) by way of a share capital decrease in Norsk Hydro, subject to approval by Norsk Hydro's General Meeting

The minimum and maximum amounts that can be paid per share shall be NOK 20 and NOK 150, respectively.

Norsk Hydro has entered an agreement with the Norwegian State according to which the Norwegian State's shares will be redeemed on a pro-rata basis to ensure that the Norwegian State's ownership is unchanged when shares are cancelled.

Norsk Hydro has engaged Goldman Sachs International to manage and carry out the share repurchases in the market. Goldman Sachs International will make its trading decisions independently of, and uninfluenced by, Norsk Hydro.

Norsk Hydro’s purchases of own shares are disclosed to the Oslo Stock Exchange on an on-going basis and details published in the table below.

As a result of MAR (EU’s market abuse regulation) being implemented in Norway from March 1, 2021, purchases will be disclosed on an aggregate and detailed form on a weekly basis. The aggregate form can be found in the table below.

Date
Aggregate daily volume (no. of shares)
Volume weighted average price (NOK)
Total transaction value (NOK)
27.09.2023 
280 677
64.68
18 155 199
28.09.2023
279 426
65.42
18 280 161
29.09.2023
273 219
67.09
18 329 443
02.10.2023
230 161
66.44
15 292 725
03.10.2023 
756 535
63.91
48 352 497
04.10.23
219 025
62.91
13 779 542
05.10.23
206 336
62.22
12 838 639
06.10.23
597 642
61.33
36 654 460
09.10.23
149 216
60.73
9 062 291
10.10.23
100 000
61.89
6 188 920
11.10.23
110 599
62,28
6 887 608
12.10.23
70 000
62,75
4 392 724
13.10.23
94 984
61,48
5 839 236
16.10.23
174 029
61,83
10 760 422
17.10.23
177 635
60,82
10 803 956
18.10.23
175 817
60.92
10 710 947
19.10.23
199 481
59.79
11 926 750
20.10.23
222 413
58.53
13 017 833
23.10.23
707 882
57.06
40 395 003
24.10.23
19 498
59.35
1 157 165
25.10.23
 449 929
60.41
27 181 111
26.10.23
 200 000
61.33
12 266 580
27.10.23
260 000
60.40
15 702 830
30.10.23
 260 000
 61.94
16 104 634
31.10.23
211 363
63.57
13 435 987
1.11.23
147 801
63.37
9 366 430
2.11.23
148 232
63.47
 9 408 626
3.11.23
358 206
62.89
22 529 187
6.11.23
169 459
63.51
 10 762 748
7.11.23
 492 301
62.48
30 757 637
8.11.23
135 481
62.14
8 418 979
9.11.23
296 643
62.51
18 544 163
10.11.23
249 785
60.91
15 214 504
13.11.23
377 204
60.27
22 734 161
14.11.23
357 357
61.59
22 008 689
15.11.23
129 489 
64,55
8 358 049
16.11.23
249 179 
63.75
15 884 364
17.11.23
99 613 
64.86
 6 461 308  
20.11.23
45 000 
65.03
2 926 530
21.11.23
45 000 
64.52
2 903 265 
22.11.23
100 000
63.57 
6 356 810
23.11.23
 100 000
 64.99 
 6 499 480
24.11.23
74 977
64.99
4 873 055
27.11.23
129 826
64.78 
8 410 466
28.11.23
175 006
64.24
11 241 738
29.11.23
643 390
63,29
40 721 826
30.11.23
43 782
63,05
2 760 639
1.12.23
45 000
64,10
2 884 550
4.12.23
176 266
63,35
11 166 081
5.12.23
402 980
62,35
25 126 407
6.12.23
237 452
62.86
14 926 209
7.12.23
428 995
62.73
26 909 441
8.12.23
766 219
61.91
47 436 695
11.12.23
691 752
62.22
43 037 973
12.12.23
29 068
63.65
1 850 196
13.12.23
29 731
63.59
 1 890 556
14.12.23
5 000
66.23
331 143
15.12.23
5 000
67.14
335 682 
18.12.23
29 725
67.43
2 004 502
19.12.23
 44 550
67.20
2 993 555
20.12.23
 75 309
67.54
5 086 039
21.12.23
 4 853
64.93
315 096
22.12.23
5 000
67.47
 337 370
27.12.23
58 928
68.13
4 014 977
28.12.23
29 857
68.66
2 050 047
29.12.23
 5 000
68.35
341 732
1.1.24
-
-
-
2.1.24
29 064
68.22
1 982 874
3.1.24
150 000
66.29
9 942 930
4.1.24
4 763
66.38
 316 159
5.1.24
4 912
66.07
324 552
8.1.24
49 456
66.25
3 276 331
9.1.24
70 000
66.60
4 662 238
10.1.24
35 000
66.67
2 333 615
11.1.24
202 654
65.85
13 345 009
12.1.24
332 072
64.38
21 378 297
15.1.24
396 035
63.13
25 001 848
16.1.24
820 000
62.48
51 234 338
17.1.24
796 477
60.31
48 037 360
18.1.24
765 600
60.29
46 159 019
19.1.24
789 094
59.72
47 127 929
22.1.24
600 843
58.69
35 263 896
23.1.24
812 174
61.66
50 081 816
24.1.24
 929
 63,14
58 661
25.1.24
647 633
61,53
39 847 369
26.1.24
182 093
62,26
11 337 711
29.1.24
300
62,52
18 755
30.1.24
228 890
62,00
14 190 425
31.1.24
180 747
61.86
11 181 281

 

 

 

 

Total transactions under the program:
21 163 019 62.13 1 314 799 977

 

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