Equinor ASA Form 6-K Summary
Business Context and Reporting Period
This Form 6-K, filed on October 15, 2024, by Equinor ASA, reports on share buy-back transactions conducted under the third tranche of the company's 2024 share buy-back programme. The programme was announced on July 24, 2024, with a duration from July 25 to no later than October 22, 2024.
Key Financial Metrics and Transactions
Between October 7 and October 11, 2024, Equinor purchased 2,000,000 of its own shares exclusively on the Oslo Stock Exchange (OSE). The weighted average share price for this period was NOK 273.4793, resulting in a total transaction value of NOK 546,958,505.00.
| Date | Venue | Volume (Shares) | Avg Price (NOK) | Total Value (NOK) |
|---|---|---|---|---|
| Oct 7 | OSE | 300,000 | 282.9149 | 84,874,470.00 |
| Oct 8 | OSE | 350,000 | 273.8128 | 95,834,480.00 |
| Oct 9 | OSE | 450,000 | 269.8815 | 121,446,675.00 |
| Oct 10 | OSE | 450,000 | 270.7208 | 121,824,360.00 |
| Oct 11 | OSE | 450,000 | 273.2856 | 122,978,520.00 |
| Total Period | OSE | 2,000,000 | 273.4793 | 546,958,505.00 |
Material Changes and Accumulated Activity
Following these transactions, the total accumulated buy-backs under the third tranche of the 2024 programme reached 19,520,236 shares with a total value of NOK 5,437,873,872.24. The weighted average price for the entire tranche to date is NOK 278.5762. No transactions were reported on the CEUX or TQEX venues during this specific reporting period.
Outlook, Risks, and Treasury Holdings
As of the filing date, Equinor ASA holds a total of 46,513,985 own shares, representing 1.67% of the company's share capital (including shares under the share savings programme). Excluding the share savings programme, the company holds 38,325,815 shares, or 1.37% of share capital. The filing notes compliance with the EU Market Abuse Regulation and Section 5-12 of the Norwegian Securities Trading Act. This report does not contain financial guidance, revenue, profit, or cash flow data.
Key Facts for Investor Verification
- Transaction Volume: 2,000,000 shares purchased in the week of Oct 7-11, 2024.
- Accumulated Tranche Total: 19,520,236 shares purchased under the third tranche to date.
- Treasury Ownership: Total own shares held are 46,513,985 (1.67% of capital).
- Programme Status: The third tranche remains active until no later than October 22, 2024.
- Missing Data: The filing does not provide revenue, earnings, debt, or liquidity metrics.