Business Context and Reporting Period
This Form 6-K filing by Equinor ASA, dated November 20, 2024, discloses a specific share buy-back transaction conducted under an ongoing programme. The programme, announced on February 7, 2024, runs from February 15, 2024, to January 15, 2025, and is designed to acquire shares for employee and management share-based incentive programmes.
Key Financial Metrics
- Transaction Date: November 15, 2024
- Shares Purchased: 552,227
- Average Price: NOK 264.3840 per share
- Transaction Value: NOK 145,999,983
- Programme Total Value (Accumulated): NOK 1,476,998,791
- Programme Total Shares (Accumulated): 5,253,835
- Maximum Programme Allocation: NOK 1,774,000,000 (corrected from a previously stated NOK 1,156,000,000)
- Total Treasury Shares Held: 53,759,167 (1.92% of share capital)
Material Changes
The filing corrects the maximum purchase amount for the buy-back programme. The company previously disclosed NOK 1,156,000,000 as the maximum allocation; the correct total purchase amount is NOK 1,774,000,000. Additionally, the company executed a new purchase of 552,227 shares on November 15, 2024, increasing the total accumulated buy-backs under this specific programme to 5,253,835 shares.
Guidance, Outlook, and Risks
The filing does not provide financial guidance, operational outlook, or management commentary regarding future earnings or market conditions. The primary purpose is regulatory compliance under the EU Market Abuse Regulation and the Norwegian Securities Trading Act regarding share repurchase activities. No specific risks or contingencies related to the company's broader operations are detailed in this document.
Investor Verification Points
- Verify the corrected total programme budget of NOK 1,774,000,000 against previous disclosures.
- Confirm the total number of treasury shares held (53,759,167) and the percentage of share capital (1.92%).
- Review the detailed transaction appendix available at www.newsweb.no for a granular view of all buy-back activities.
- Note that this filing does not contain quarterly or annual financial performance data (revenue, profit, cash flow).