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- Equinor ASA: Buy-back of Shares To Share Programmes For Employees
Equinor ASA: Buy-back of shares to share programmes for employees
05 Feb 2025 08:00 CET
Issuer
Equinor ASA
Equinor ASA (OSE: EQNR, NYSE: EQNR) has on 5 February 2025 engaged a third party
to conduct repurchases of the company's shares to be used in the share-based
incentive plans for employees and management for the period from 14 February
2025 until 15 January 2026.
Shares acquired under the buy-back programme from 14 February 2025 to 15 May
2025 is based upon the authorization from the annual general meeting on 14 May
2024, registered in the Norwegian register for business enterprises. According
to the authorization, the maximum number of shares to be purchased in the market
is 12,400,000, the minimum price that can be paid per share is NOK 50, and the
maximum price is NOK 1,000. Share buy-back after 16 May 2025 is subject to a new
authorization from the annual general meeting in 2025.
The buy-back programme is time-scheduled, and the share purchases shall take
place on specific dates in the period from 14 February 2025 until 15 January
2026 with a determined purchase amount on each date, as set out in the buy-back
programme.
The total purchase amount under the share buy-back programme is NOK
1,992,000,000. The maximum number of shares to be acquired is 19,080,000 shares,
of which up to 8,040,000 shares can be acquired in the period from 14 February
2025 to 15 May 2025, and up to 11,040,000 shares can be acquired in the period
from 16 May 2025 to 15 January 2026.
The shares shall be used to meet obligations towards employees who participate
in the company's share-based incentive plans.
Shares will be purchased on the Oslo Stock Exchange. The share buy-back
programme is conducted in accordance with applicable safe harbour conditions,
and as further set out in the Norwegian Securities Trading Act of 2007, EU
Commission Regulation (EC) No 2016/1052 and the Oslo Stock Exchange's Guidelines
for buy-back programmes and price stabilisation February 2021.
Further information from:
Investor relations
Bård Glad Pedersen, senior vice president Investor Relations,
+47 918 01 791
Media
Sissel Rinde, vice president Media Relations,
+47 412 60 584
This is information that Equinor is obliged to make public pursuant to the EU
Market Abuse Regulation and subject to the disclosure requirements pursuant to
Section 5-12 the Norwegian Securities Trading Act.
More information:
Access the news on Oslo Bors NewsWeb site
Source
Equinor ASA
Provider
Oslo Børs Newspoint
Company Name
EQUINOR, Statoil ASA 13/33 4,27%
ISIN
NO0010096985, NO0010689615
Symbol
EQNR
Market
Oslo Børs