Equinor ASA Form 6-K Summary
Business Context and Reporting Period
This Form 6-K, dated November 12, 2024, reports on share buy-back transactions conducted by Equinor ASA under the fourth tranche of its 2024 share buy-back programme. The programme was announced on October 24, 2024, and runs from October 25, 2024, to no later than January 31, 2025.
Key Financial Metrics and Transaction Details
Between November 4 and November 8, 2024, Equinor purchased 1,950,000 of its own shares exclusively on the Oslo Stock Exchange (OSE). The weighted average price was NOK 255.6569 per share, with a total transaction value of NOK 498,530,960.00.
| Date | Venue | Volume (Shares) | Avg Price (NOK) | Total Value (NOK) |
|---|---|---|---|---|
| Nov 4 | OSE | 400,000 | 262.0402 | 104,816,080.00 |
| Nov 5 | OSE | 350,000 | 261.0778 | 91,377,230.00 |
| Nov 6 | OSE | 450,000 | 251.6208 | 113,229,360.00 |
| Nov 7 | OSE | 400,000 | 251.4106 | 100,564,240.00 |
| Nov 8 | OSE | 350,000 | 252.9830 | 88,544,050.00 |
| Total Period | OSE | 1,950,000 | 255.6569 | 498,530,960.00 |
Material Changes and Accumulated Activity
Combined with previously disclosed buy-backs under the fourth tranche (2,150,000 shares at an average price of NOK 271.2576), the total accumulated buy-backs for this tranche now stand at 4,100,000 shares with a total value of NOK 1,081,734,805.00. The average price for the accumulated tranche is NOK 263.8378.
Outlook, Management Commentary, and Risks
Following these transactions, Equinor ASA holds 51,706,940 own shares, representing 1.85% of the company's share capital (including shares under the share savings programme). Excluding the share savings programme, the company holds 43,231,815 own shares, or 1.55% of share capital. The filing notes compliance with the EU Market Abuse Regulation and Section 5-12 of the Norwegian Securities Trading Act. No specific financial guidance, revenue, or profit data is provided in this filing.
Key Facts for Investor Verification
- Buy-back Volume: 1,950,000 shares purchased in the week of Nov 4-8, 2024.
- Accumulated Tranche Total: 4,100,000 shares purchased under the fourth tranche to date.
- Treasury Holdings: Total own shares held are 51,706,940 (1.85% of capital).
- Programme Duration: The fourth tranche remains active until January 31, 2025.
- Trading Venue: All reported transactions occurred on the Oslo Stock Exchange (OSE); no activity was reported on CEUX or TQEX for this period.