Equinor ASA Executes Strategic Buy-Back of 1.8 Million Shares
Equinor ASA's Recent Share Buy-Back Activity
Equinor ASA is continuously looking to optimize its shareholder value and recently initiated a share buy-back program for the third tranche of 2024. The company has announced a commitment that engages shareholders and enhances the overall equity structure.
Details of the Buy-Back Program
The company has made notable purchases, with a total of 1,800,000 shares acquired at an average price of NOK 266.0521 each during a specific trading period. This bold step defines Equinor's strategic approach to its capital management, showing confidence in its future prospects.
Transaction Summary
From September 16 to September 20, 2024, Equinor meticulously executed its share buy-back plan. Notably, the company utilized several trading platforms, including the Oslo Stock Exchange, where a significant volume of the shares was traded. Here’s a summarized snapshot of these transactions:
Key Dates and Volume
On September 16, for example, Equinor purchased 400,000 shares at a price of NOK 267.5448, leading to a total transaction value of over 107 million NOK.
Overall Performance
By the close of the trading days confirmed, the total acquisition reached 1,800,000 shares, representing an important enhancement in the company’s ownership stake, as these shares represent about 1.47% of Equinor's total share capital.
Prior Buy-Back Activities
Equinor has cultivated a fruitful tradition of share buy-backs, reflecting its long-term commitment to maximizing shareholder value. Under the current tranche, the company has previously reported significant buy-back achievements, totaling 12,332,453 shares with an average share price of NOK 283.9137.
Company’s Hold on Shares
Following the completion of these transactions, it's noteworthy that Equinor ASA holds a total of 41,126,202 shares of its own, marking a cogent share ownership strategy that is vital for investor confidence. This stacks up as 1.47% of the total share capital, reinforcing the company’s sound investment judgment.
Regulatory Compliance and Disclosure
Equinor ASA is committed to transparency and adheres strictly to regulatory requirements. The company disclosed these transactions as mandated by the EU Market Abuse Regulation and the Norwegian Securities Trading Act. Such diligence helps maintain the trust of its investors and the public.
Contact Information for Further Inquiries
If you wish to know more about Equinor's ongoing shareholder initiatives, the company encourages direct contact. Bård Glad Pedersen, Senior Vice President of Investor Relations, is available at +47 918 01 791 for investor queries. Additionally, for media-related questions, Sissel Rinde, Vice President of Media Relations, can be reached at +47 412 60 584.
Frequently Asked Questions
What is the purpose of Equinor ASA's share buy-back program?
The share buy-back program aims to enhance shareholder value and demonstrate confidence in the company's future performance.
How many shares has Equinor purchased in this buy-back tranche?
Equinor has purchased a total of 1,800,000 shares during this particular buy-back tranche.
What is the average price per share paid by Equinor in this buy-back?
The average price paid per share during this buy-back was NOK 266.0521.
How does this buy-back impact the overall share capital?
The total shares bought back amount to approximately 1.47% of Equinor ASA’s total share capital, reflecting the company's strong ownership strategy.
Who can I contact for more information about Equinor's investor relations?
Bård Glad Pedersen is the point of contact for investor inquiries and can be reached at +47 918 01 791.
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