Equinor to commence second tranche of the 2025 share buy-back programme

Core Viewpoint - Equinor is set to commence the second tranche of its share buy-back program for 2025, amounting to up to USD 1,265 million, following the annual general meeting on May 14, 2025 [1][2][3] Group 1: Share Buy-Back Program Details - The second tranche will involve purchasing shares worth up to USD 417.5 million in the market, contributing to the total of USD 1,265 million, which includes shares to be redeemed from the Norwegian State [2][3] - The share buy-back program for 2025 is part of a larger initiative announced in February 2025, with a total budget of up to USD 5 billion for the two-year period of 2024-2025 [3][5] - The execution of the second tranche is contingent upon board authorization and an agreement with the Norwegian State regarding the share buy-back [1][4][7] Group 2: Execution and Regulations - The maximum number of shares that can be purchased in the second tranche is 84 million, with a minimum price of NOK 50 and a maximum price of NOK 1,000 per share [6] - Shares will be purchased on the Oslo Stock Exchange and potentially other trading venues within the EEA, adhering to applicable regulations [8] - The board will propose to cancel the shares purchased in this tranche at the annual general meeting in May 2026, along with a proportionate number of shares from the Norwegian State [9]