Equinor to commence fourth tranche of the 2022 share buy-back programme
Equinor (OSE: EQNR, NYSE: EQNR) will commence on 31 October 2022 the fourth and final tranche of around USD 1,833 million of the 2022 share buy-back programme, as announced in relation with the third quarter results on 28 October 2022.
Based on the strength of the balance sheet and the outlook for commodity prices, the Board of Directors has decided to initiate a fourth and final tranche of share buy-back of around USD 1,833 million in order to complete the share buy-back programme for 2022 according to previously communicated target of USD 6 billion. The fourth tranche will commence on 31 October and will end no later than 27 January 2023. The fourth tranche of around USD 1,833 million includes shares to be redeemed from the Norwegian State.
The purpose of the share buy-back programme is to reduce the issued share capital of the company. All shares repurchased as part of the programme will be cancelled.
According to an agreement between Equinor and the Norwegian State, the Norwegian State will participate in share buy-backs on a proportionate basis, ensuring that its ownership interest in Equinor remains unchanged at 67%.
In this fourth tranche, shares for up to USD 605 million will be purchased in the market, implying a total fourth tranche of around USD 1,833 million including redemption of shares from the Norwegian State. For the fourth tranche for 2022, Equinor is entering into a non-discretionary agreement with a third party who will make its trading decisions independently of the company.
Information Source: Read More
Energy Monitors | Electric Power | Natural Gas | Oil | Climate | Renewable | Wind | Transition | LPG | Solar | Electric | Biomass | Sustainability | Oil Price | Electric Vehicles|Commodities | Shipping|
Key information relating to the cash dividend and extraordinary cash dividend to be paid by Equinor (OSE: EQNR, NYSE: EQNR) for third quarter 2022.
Cash dividend amount: 0.20
Extraordinary cash dividend: 0.70
Declared currency: USD
Last day including rights: 6 January 2023
Ex-date: 9 January 2023
Record date: 10 January 2023
Payment date: 25 January 2023
Other information: Cash dividend and extraordinary dividend per share in NOK will be communicated 16 January 2023.
This information is published in accordance with the requirements of the Continuing Obligations.
This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act
