Norsk Hydro ASA Share Buyback Program Transactions
Overview of Share Buyback Program
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) |
|---|---|---|---|
| 30/10/2024 | 89,000 | 68.78 | 6,121,580 |
| 31/10/2024 | 178,900 | 68.10 | 12,183,358 |
| 01/11/2024 | 110,000 | 68.75 | 7,562,236 |
| 04/11/2024 | 165,000 | 69.43 | 11,455,554 |
| 05/10/2024 | 138,969 | 69.79 | 9,699,050 |
Previous Transactions: 6,750,826
Accumulated to date: 7,432,695 shares, weighted average share price of 66.03 NOK, total transaction value of 490,785,751 NOK.
Prior to the share buyback program Norsk Hydro ASA owned a total of 14,082,505 own shares.
How This Will Affect Me
Based on the information provided, the share buyback program by Norsk Hydro ASA can potentially benefit investors like you by increasing the value of the remaining shares you hold. This is because the company’s decision to repurchase its own shares can lead to a decrease in the total number of shares outstanding, ultimately boosting the earnings per share (EPS) for existing shareholders.
How This Will Affect the World
In a broader sense, share buyback programs like the one undertaken by Norsk Hydro ASA can have a ripple effect on the financial markets and the economy. By reducing the number of shares in the market, it can potentially drive up stock prices and contribute to overall market stability. Additionally, it may signal to investors that the company believes its stock is undervalued, instilling confidence in the company’s financial health and prospects.
Conclusion
The share buyback program by Norsk Hydro ASA represents a strategic move by the company to enhance shareholder value and demonstrate confidence in its own performance. As an investor, you may reap the benefits of increased EPS and potential stock price appreciation. On a larger scale, this program can have a positive impact on the financial markets and economy as a whole, fostering stability and investor confidence.
