Business Context and Reporting Period
This Form 6-K filing by Equinor ASA, dated June 13, 2023, discloses details regarding the company's ongoing share buy-back programme. The report specifically covers transactions executed between June 5 and June 9, 2023, under the second tranche of the 2023 buy-back initiative.
Key Financial Metrics and Transaction Details
The filing focuses on capital allocation activities rather than operational financial performance. Key metrics regarding the buy-back programme include:
- Programme Size: Up to 94,000,000 shares with a maximum total consideration of USD 550,000,000 for the second tranche.
- Recent Activity (June 5-9): Purchased 2,800,000 shares at an average price of NOK 302.9357 per share.
- Accumulated Activity: Total buy-backs under the second tranche now stand at 8,928,860 shares with a total transaction value of NOK 2,667,271,841.68.
- Treasury Holdings: Equinor ASA now owns 73,517,703 own shares, representing 2.32% of the company's share capital.
The filing does not provide data on revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
The material change reported is the reduction of outstanding shares through the repurchase of 2,800,000 shares during the week of June 5-9. This activity contributes to the cumulative reduction of share capital under the approved programme.
Guidance, Outlook, and Risks
The filing does not contain management commentary on operational outlook, guidance, risks, or contingencies. It notes that the disclosure is made pursuant to the EU Market Abuse Regulation and Section 5-12 of the Norwegian Securities Trading Act. The buy-back programme duration is set from May 11 to no later than July 25, 2023.
Key Facts for Investor Verification
- Verify the total number of shares repurchased (8,928,860) against the programme limit of 94,000,000 shares.
- Confirm the current percentage of treasury shares held (2.32%) and its impact on earnings per share.
- Monitor the remaining duration of the buy-back programme (until July 25, 2023) for potential further share reductions.
- Review the detailed transaction appendix available at www.newsweb.no for granular daily trading data.