Equinor ASA Executes Significant Share Buy-Back Programme
Equinor ASA: Share Buy-Back Overview
Equinor ASA (OSE: EQNR, NYSE: EQNR, CEUX: EQNRO, TQEX: EQNRO) has implemented an extensive share buy-back programme, demonstrating its dedication to enhancing shareholder value. Under the third tranche of the 2024 programme, significant transactions have been executed to repurchase shares, reflecting Equinor's confidence in its strategic direction and financial stability.
Details of the Buy-Back Programme
The third tranche of the 2024 share buy-back programme commenced shortly after its announcement. While the exact date of the announcement may not be disclosed here, the duration of the current series extends from a specified date to no later than 22 October 2024. This timeframe underlines Equinor's proactive approach in managing its capital structure and returning value to stakeholders.
Recent Share Purchases
From a specified date, Equinor ASA has successfully acquired a total of 1,600,000 shares. This acquisition occurred at an average price of NOK 285.7127 per share, highlighting the company's commitment to active share repurchase strategies. The rationale behind these transactions is to optimize capital allocation while taking advantage of favorable market conditions.
Transaction Breakdown
The purchases are categorized by trading venue, and significant volumes have been achieved during this period. For example, on certain dates, substantial quantities of shares were bought on the Oslo Stock Exchange, further demonstrating a clear intent to bolster the company's share value through strategic repurchase operations.
Overall Impact on Share Capital
Following these transactions, Equinor ASA now holds a total of 34,851,631 shares, representing approximately 1.25% of its total share capital. This figure, including shares under Equinor’s share savings programme, signifies a solid level of ownership. Excluding the shares in the savings programme, the total owned shares represent 0.96% of the total capital.
Regulatory Compliance
The information regarding the transactions is disclosed in accordance with EU Market Abuse Regulation and adheres strictly to the requirements of the Norwegian Securities Trading Act. This level of transparency is critical for maintaining investor trust and upholding regulatory standards.
Investor Relations
The company is committed to keeping its investors informed about significant developments. For any inquiries, investors may contact Bård Glad Pedersen, Senior Vice President of Investor Relations, at +47 918 01 791 or Sissel Rinde, Vice President of Media Relations, at +47 412 60 584.
Future Outlook
As Equinor ASA continues to engage in share repurchases, the market may anticipate further positive movements in share value. The company's ongoing commitment to maximizing shareholder returns, alongside disciplined financial management, underscores its robust operational strategy moving forward.
Frequently Asked Questions
What is the purpose of Equinor's share buy-back programme?
The purpose is to enhance shareholder value and optimize the company's capital structure by repurchasing shares in the open market.
How many shares has Equinor purchased recently?
Equinor ASA has purchased a total of 1,600,000 shares at an average price of NOK 285.7127 per share.
What percentage of Equinor's total share capital do owned shares represent?
The shares owned by Equinor represent approximately 1.25% of its total share capital, or about 0.96% when excluding the share savings programme.
Who should I contact for investor relations?
Investors can contact Bård Glad Pedersen for queries regarding investor relations.
What regulatory framework governs Equinor's share buy-back announcements?
Equinor's transactions are governed by the EU Market Abuse Regulation and the Norwegian Securities Trading Act's disclosure requirements.
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