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Equinor began the first tranche of its 2025 share buy-back program on Feb. 6, the company said in a press release.
The share buyback program of up to $5 billion for 2025 concludes a two-year program from 2024 to 2025. Its purpose is to reduce the issued share capital of the company.
In the first tranche, shares valued at up to US$396 million will be purchased in the market. The total first tranche could total US$1.2 billion, including shares redeemed from the Norwegian state.
The tranche will end no later than April 2 and is subject to market outlook and balance sheet strength, Equinor said in the Feb. 5 press release. All purchased shares from the first tranche will be cancelled through a capital reduction at the company’s annual general meeting in May.
New tranches will be decided by the board of directors on a quarterly basis and will be in line with Equinor’s dividend policy.
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