Equinor ASA Form 6-K Summary
Business Context and Reporting Period
This Form 6-K, dated June 20, 2022, reports on share buy-back transactions conducted by Equinor ASA under its 2022 share buy-back programme. The filing discloses specific trading activity that occurred between June 13 and June 17, 2022, on the Oslo Stock Exchange.
Key Financial Metrics and Transaction Details
The filing details the execution of the second tranche of the 2022 buy-back programme, which allows for the purchase of up to 75,000,000 shares with a maximum total consideration of USD 440,000,000. During the reporting week, Equinor purchased 1,269,000 shares at a weighted average price of NOK 348.9912 per share.
| Date | Shares Purchased | Avg Price (NOK) | Total Value (NOK) |
|---|---|---|---|
| June 13 | 306,000 | 340.6363 | 104,234,707.80 |
| June 14 | 328,000 | 342.0675 | 112,198,140.00 |
| June 16 | 315,000 | 358.6764 | 112,983,066.00 |
| June 17 | 320,000 | 354.5435 | 113,453,920.00 |
As of the filing date, Equinor owns a total of 43,683,232 own shares, representing 1.34% of its share capital. The filing does not provide revenue, profit, cash flow, margin, debt, or liquidity metrics.
Material Changes and Programme Status
The filing updates the cumulative status of the buy-back programmes:
- 2021 Programme & 2022 First Tranche: 27,131,791 shares purchased (accumulated).
- 2022 Second Tranche (Prior to this week): 5,273,252 shares purchased (accumulated).
- Total Buy-backs (2021 & 2022): 33,674,043 shares purchased with a total value of NOK 8,985,043,832.86.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook regarding future earnings or operational performance. It notes that the disclosure is made pursuant to the EU Market Abuse Regulation and Section 5-12 of the Norwegian Securities Trading Act. No specific risks or contingencies are detailed in this document.
Key Facts for Investor Verification
- Verify the remaining capacity of the second tranche of the 2022 buy-back programme (USD 440 million limit).
- Confirm the total number of treasury shares held (43,683,232) and the percentage of share capital (1.34%).
- Review the detailed transaction appendix available at www.newsweb.no for granular trade data.
- Note that this filing is strictly a disclosure of share repurchases and does not contain quarterly or annual financial results.