Equinor Launches NOK 1.99 Billion Share Buy-Back Programme for Employee Incentives

Equinor Launches NOK 1.99 Billion Share Buy-Back Programme for Employee Incentives

(IN BRIEF) Equinor ASA has initiated a share buy-back programme, set to run from 14 February 2025 to 15 January 2026, to meet obligations for its share-based incentive plans for employees and management. The programme allows the purchase of up to 19,080,000 shares, with specific amounts scheduled for each date within the programme period. The total value of the buy-back is NOK 1,992,000,000. The shares will be repurchased on the Oslo Stock Exchange and conducted in accordance with applicable regulations. The first phase of the buy-back programme is authorized by the 2024 AGM, and further buy-back activity will require approval from the 2025 AGM.

(PRESS RELEASE) STAVANGER, 5-Feb-2025 — /EuropaWire/ — Equinor ASA has announced the engagement of a third-party entity to oversee the repurchase of shares for use in the company’s share-based incentive plans for employees and management. The share buy-back programme will run from 14 February 2025 to 15 January 2026.

The first phase of the programme, spanning from 14 February 2025 to 15 May 2025, is authorized under the resolution passed at the annual general meeting on 14 May 2024. According to this authorization, Equinor is permitted to purchase a maximum of 12,400,000 shares at a minimum price of NOK 50 per share and a maximum price of NOK 1,000 per share. After 15 May 2025, any further buy-back activity will require a new authorization from the 2025 AGM.

The buy-back programme is structured with specific purchase amounts scheduled for particular dates within the designated timeframe from 14 February 2025 to 15 January 2026, as outlined in the programme. In total, the programme will involve a maximum purchase value of NOK 1,992,000,000 and the acquisition of up to 19,080,000 shares. During the initial phase, up to 8,040,000 shares can be acquired, while the second phase will see up to 11,040,000 shares purchased.

The shares acquired through this programme will be allocated to fulfill the company’s obligations towards employees participating in its share-based incentive plans. The purchases will be conducted on the Oslo Stock Exchange and will comply with the safe harbour conditions outlined 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 stabilization as of February 2021.

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.

Media Contacts:

Investor Relations:
Bård Glad Pedersen
senior vice president Investor Relations,
+47 918 01 791

Media Relations:
Sissel Rinde
vice president Media Relations,
+47 412 60 584

SOURCE: Equinor