Correction: Equinor ASA: Buy-back of shares to share programmes for employees

January 18, 2024

Correction: The below stock market announcement (SMA) is a correction of the SMA published on 18 January 2024. The reason for the correction is that the numbers of Equinor’s own shares is stated as 6,191,269. The correct number is 59,221,062.

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Please see below information about transactions made under the buy-back programme for Equinor ASA (OSE:EQNR, NYSE:EQNR) for shares to be used in the share-based incentive programmes for employees and management.

Date on which the buy-back programme was announced: 8 February 2023.

The duration of the buy-back programme: 15 February 2023 to 15 January 2024.

Size of the buy-back programme: The total purchase amount under the programme is NOK 1,535,150,000 and the maximum shares to be acquired is 20,000,000 shares, of which up to 12,000,000 shares can be acquired in the period from 15 February 2023 to 10 May 2023, and up to 8,000,000 shares can be acquired in the period from 15 June 2023 to 15 January 2024.

On 15 January 2024, Equinor ASA has purchased a total of 419,574 own shares at the Oslo Stock Exchange at an average price of NOK 309.8379 per share.

This completes the buy-back programme for shares to be used in the share-based incentive programmes for employees and management announced 8 February 2023. In the period from 15 February 2023 and until 15 January 2024, Equinor ASA purchased a total of 4,744,068 shares at the Oslo Stock Exchange at an average price of NOK 323.5932 under the programme.

Aggregated overview of transactions per day:

DateAggregated volume (number of shares)Weighted average share price (NOK) Total transaction value (NOK)     15 January 2024419,574309.8379129,999,927    Previously disclosed buy-backs under the programme (accumulated)4,324,494324.92781,405,148,391    Total buy-backs under the programme4,744,068323.59321,535,148,318

 
Following the completion of the above transactions, Equinor ASA owns a total of 59,221,062 own shares, corresponding to 1.97% of Equinor ASA’s share capital, including shares purchased under the previous buy-back programme for the share-based incentive programmes for employees, and shares purchased under Equinor’s disclosed buy-back programmes which will be used to reduce the issued share capital of the company.

This is information that Equinor ASA is obliged to make public pursuant to the EU Market Abuse Regulation and subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

Appendix:
A detailed overview of all transactions made under the buy-back programme that have been carried out during the above-mentioned time period is attached to this report and available at www.newsweb.no.

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

Attachment

Equinor Employee share saving Programme – 18 January 2024

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