Business Context and Reporting Period
This Form 6-K filing by Equinor ASA, dated June 18, 2024, discloses a specific share buy-back transaction conducted under an authorized program. The program, announced on February 7, 2024, runs from February 15, 2024, to January 15, 2025, and is intended to acquire shares for employee share-based incentive programs.
Key Financial Metrics
The filing details a specific transaction on June 14, 2024, and the cumulative status of the buy-back program:
- Transaction Date: June 14, 2024
- Shares Purchased (Single Day): 483,141
- Average Price (Single Day): NOK 291.8398 per share
- Transaction Value (Single Day): NOK 140,999,773
- Cumulative Shares Purchased: 2,656,946
- Cumulative Average Price: NOK 285.6661 per share
- Cumulative Value: NOK 758,999,495
- Total Treasury Shares Held: 87,702,144 (2.92% of share capital)
- Program Authorization: Maximum NOK 1,156,000,000 or 16,800,000 shares
Material Changes
Since the last disclosure, Equinor purchased an additional 483,141 shares, increasing the total number of shares acquired under the current program to 2,656,946. The company now holds 87,702,144 treasury shares in total, representing 2.92% of its issued share capital. This figure includes shares from previous buy-back programs intended for capital reduction and the current program for employee incentives.
Guidance, Outlook, and Risks
The filing does not provide financial guidance, operational outlook, or discuss general business risks. The disclosure is strictly limited to the execution of the share buy-back program as required by the EU Market Abuse Regulation and Section 5-12 of the Norwegian Securities Trading Act. No unusual items or contingencies are reported in this document.
Investor Verification Checklist
- Verify the remaining authorization limit of the buy-back program (NOK 1,156,000,000 total cap minus NOK 758,999,495 spent).
- Confirm the distinction between shares held for employee incentives versus those held for capital reduction within the 87.7 million treasury share total.
- Review the detailed transaction appendix available at www.newsweb.no for a day-by-day breakdown of purchases.
- Note that this filing does not contain quarterly or annual financial performance data (revenue, profit, cash flow).