Equinor commences first tranche in share buy-back programme
Equinor (OSE: EQNR, NYSE: EQNR) today commences the first tranche of around USD 300 million, of the new share buy-back programme announced at the Capital Markets Day on 15 June 2021.
At the Capital Markets Day Equinor announced a competitive capital distribution with an increase of the quarterly cash dividend to 18 cents per share and the start of a new share buy-back programme, providing a capital distribution structure with increased flexibility.
The first tranche of the share buy-back programme is up to USD 300 million, including shares to be redeemed from the Norwegian State, and will end no later than 28 September 2021. For 2021 the share buy-back programme is expected at USD 600 million, including shares to be redeemed from the Norwegian State.
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OSLO, Norway, April 26, 2021 /PRNewswire/ Asetek today announced the launch of a share buyback program. The share buyback will be conducted under the safe harbor provisions of EU Regulation 2273/2003.
Section 3-12 of the Norwegian Securities Trading Act implements the EU Commission Regulation (EC) No 2273/2003 on exemptions for buy-back programs and stabilization of financial instruments in Norwegian law. , Nor
The buyback program will be carried out by market purchases in accordance with the authorization granted by the annual general meeting to the Board of Directors on April 22, 2021. Shares purchased under the program will be used to cover Asetek s obligations under its employee stock option programs.
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