-- Equinor's (EQNR.OL) board intends to propose the reduction of its share capital to 5.98 billion Norwegian kroner from 6.39 billion kroner at its annual general meeting.
The proposal supports the Norwegian oil and gas giant's share buyback program and the redemption of shares held by the Norwegian government, according to a Monday release. Equinor will cancel and redeem 166,058,472 of its shares in total.
The AGM is scheduled on May 12, according to the company's website.