Equinor ASA Unveils Share Buy-Back Program for Employee Incentives
Equinor ASA (OSE:EQNR, NYSE:EQNR) has announced important steps in its share buy-back program, aimed at supporting employee and management share-based incentive schemes.
Equinor ASA's buy-back program was officially announced, with plans to acquire a substantial number of shares. The total amount allocated for this initiative is NOK 1,992,000,000, which will facilitate the purchasing of up to 19,080,000 shares. This program signifies the company's ongoing commitment to enhancing employee participation and loyalty.
Program Duration and Financial Details
The buy-back program commenced on February 14, 2025, and is set to conclude on January 15, 2026. The acquisition timeline is divided into two phases: the first phase allows for the purchase of up to 8,040,000 shares until May 15, 2025, while the remaining shares can be acquired from May 16, 2025, to January 15, 2026.
On May 15, 2025, Equinor ASA successfully purchased 787,532 of its own shares from the Oslo Stock Exchange at an average price of NOK 238.7204 per share. This reflects a strong market position and confidence in the company's future prospects.
Overview of Daily Transactions
Details have been compiled regarding the transactions undertaken during the buy-back period. To date, the program's accumulated buy-backs total 2,598,951 shares, with an aggregated transaction value of NOK 647,999,543. This activity showcases Equinor's strategic planning and ability to execute shareholder initiatives effectively.
Impact on Equinor's Share Capital
With the conclusion of the recent buy-back transactions, Equinor ASA now holds a total of 86,930,938 shares, comprising approximately 3.11% of its total share capital. This figure includes shares purchased under previous share-based incentive programs and aligns with Equinor’s initiatives to reduce the overall issued share capital.
Through these actions, Equinor is not only bolstering employee ownership but also streamlining its capital structure, which may enhance shareholder value in the long run.
Regulatory Compliance
Equinor ASA must adhere to obligations under the EU Market Abuse Regulation, ensuring transparency and compliance with the disclosure requirements set forth in Section 5-12 of the Norwegian Securities Trading Act. Such regulations are crucial in maintaining investor trust and promoting market integrity.
Investor Relations Contact Information
For further inquiries regarding this share buy-back program, stakeholders can reach out to the investor relations team led by Bård Glad Pedersen, senior vice president of Investor Relations, at +47 918 01 791. Additionally, media inquiries can be directed to Sissel Rinde, vice president of Media Relations, at +47 412 60 584.
Frequently Asked Questions
What is the purpose of Equinor's share buy-back program?
The program aims to purchase shares to be used in share-based incentive programs for employees and management, enhancing ownership and motivation.
How many shares will be acquired during the buy-back program?
Equinor plans to buy back up to 19,080,000 shares under the buy-back program.
What is the total value allocated for the buy-back program?
The total purchase amount for the buy-back program is NOK 1,992,000,000.
What percentage of shares does Equinor currently own?
Post buy-backs, Equinor ASA owns 86,930,938 shares, accounting for approximately 3.11% of its share capital.
Who can be contacted for more information about the buy-back program?
Bård Glad Pedersen, investor relations senior vice president, is available for inquiries at +47 918 01 791.
