Associated tags: Norsk Hydro
Locations: GERMANY, BRAZIL, EUROPE, AUSTRIA, SWEDEN, PARAGOMINAS, DENMARK, CANADA, OSLO, NO, EU, NORWAY, GUINEA, CHINA, NORTH AMERICA, ASIA, UK, HYDRO
Prior to the share buyback program Norsk Hydro ASA owned a total of 16452403 own shares.
Key Points:
- Prior to the share buyback program Norsk Hydro ASA owned a total of 16452403 own shares.
- Following the above listed transactions, Norsk Hydro ASA owns a total of 18955403 shares, corresponding to 0.92% 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.
Prior to the share buyback program Norsk Hydro ASA owned a total of 16452403 own shares.
Key Points:
- Prior to the share buyback program Norsk Hydro ASA owned a total of 16452403 own shares.
- Following the above listed transactions, Norsk Hydro ASA owns a total of 18120403 shares, corresponding to 0.88% 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.
Retrieved on:
Thursday, October 6, 2022
On October 6, 2022, the European Commission decided to open a Phase II review of Hydros proposed acquisition of the Polish recycler Alumetal S.A.
Key Points:
- On October 6, 2022, the European Commission decided to open a Phase II review of Hydros proposed acquisition of the Polish recycler Alumetal S.A.
A Phase II review is a customary part of the Commissions merger review process in cases where initial concerns about a transactions effects cannot be excluded during the preliminary assessment stage.
- Hydro announced a tender offer for 100 percent of the shares of the Polish recycler Alumetal S.A. on April 29, 2022.
- Following the Commissions decision to open a Phase II review, the legal condition of the public tender offer will not be fulfilled before the end of subscription period, and the tender offer will therefore expire.
- Hydro remains committed to the transaction and will continue to work closely with the Commission over the coming months on the Phase II review.
Retrieved on:
Thursday, October 6, 2022
An increase in resource rent tax on hydropower and clarifications around the CO2 compensation scheme are proposals outlined in the national budget for 2023 that will particularly impact Hydro.
Key Points:
- An increase in resource rent tax on hydropower and clarifications around the CO2 compensation scheme are proposals outlined in the national budget for 2023 that will particularly impact Hydro.
- On September 28, the Norwegian government proposed an additional resource rent tax and a new high price contribution on hydropower and wind power.
- The CO2 compensation scheme for 2023 is included in the national budget and applies to Hydro on compensation for both purchased power and equity power volumes used in Hydros production of aluminium.
- For the budget year 2023, the government has introduced a floor of NOK 200 per ton CO2.
Total transactions under the program:
Key Points:
- Total transactions under the program:
Following the above listed transactions, Norsk Hydro ASA owns a total of 17317403 shares, corresponding to 0.84% 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.
Retrieved on:
Wednesday, September 28, 2022
Hydroelectricity,
Christoffersen,
Master of Management,
Senior,
Recycling,
Business school,
Public affairs,
Technology,
Corporate development,
University,
BI Norwegian Business School,
Communication,
Management,
Science Trond Olaf Christophersen has been appointed Executive Vice President for Corporate Development in Hydro.
Key Points:
- Trond Olaf Christophersen has been appointed Executive Vice President for Corporate Development in Hydro.
- Christophersen will report to President and CEO Hilde Merete Aasheim and join the Corporate Management Board.
- Christophersen comes from the role of Senior Vice President and Head of Recycling in Aluminium Metal.
- Therese Rd Holm has been appointed Executive Vice President for Communication & Public Affairs, effective October 1.
Retrieved on:
Tuesday, September 27, 2022
In response to reduced market demand for aluminium billets in Europe, Hydro has decided to partially curtail aluminium production at Hydro Karmy and Hydro Husnes in Norway.
Key Points:
- In response to reduced market demand for aluminium billets in Europe, Hydro has decided to partially curtail aluminium production at Hydro Karmy and Hydro Husnes in Norway.
- The decision will correspond to an annual production capacity reduction of 110,000-130,000 tonnes of primary aluminium, including production recently taken out for ordinary maintenance and not yet restarted.
- The decision to partially curtail Hydro Karmy and Hydro Husnes will not affect manning level at the respective plants.
- The process to curtail production will start shortly and it is expected that Hydro Husnes and Hydro Karmy will reach the new production levels by the end of 2022.
Retrieved on:
Tuesday, September 27, 2022
Hydro'sthird quarter 2022 results will bereleased at 07:00 CEST (01:00 AM EST, 06:00 GMT), onTuesday,October 25, 2022.
Key Points:
- Hydro'sthird quarter 2022 results will bereleased at 07:00 CEST (01:00 AM EST, 06:00 GMT), onTuesday,October 25, 2022.
- The quarterly report and presentation slideswill be available on hydro.com at the same time.
- Hydrowill hostan in-person presentation and Q&A, in English, at the Felix Conference Centre at Bryggetorget 3, Oslo, at 08:30 CEST on Tuesday, October 25, 2022.
- The presentation, by President and CEO Hilde Merete Aasheim and CFO Pl Kildemo, can also be seen on the webcast.
Retrieved on:
Friday, September 23, 2022
NOK,
LTI,
Norsk Hydro,
Long-term incentive plan,
Corporate development,
Security (finance),
Hydro,
Disclosure,
Sale,
Management,
Renewable energy Helena Nonka, Executive Vice President of Corporate Development has on September 23, 2022, sold 1528 Hydro shares at NOK 59.58 per share.
Key Points:
- Helena Nonka, Executive Vice President of Corporate Development has on September 23, 2022, sold 1528 Hydro shares at NOK 59.58 per share.
- In May 2022, Helena Nonka was allocated the 1528 shares through the share-based Long-Term Incentive program (LTI) as a member of the Corporate Management Board.
- Helena Nonka has decided to leave Hydro and her last day will be September 30, 2022.
- The proceeds from the sale shall accrue to Norsk Hydro ASA.
