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2015-05-19

Statoil ASA: Annual general meeting approves dividend of NOK 1.80 per share for the fourth quarter of 2014

On 19 May 2015 the annual general meeting of shareholders in Statoil ASA (OSE:
STL, NYSE: STO) adopted the annual report and accounts for Statoil ASA for
2014, as proposed by the board of directors.

The annual accounts and the annual report for Statoil ASA and the Statoil
group for 2014 were approved, and a dividend of NOK 1.80 per share will be
distributed for the fourth quarter of 2014, implying a full-year dividend of
NOK 7.20 per share for 2014. The dividend accrues to the company's
shareholders as of 19 May 2015. Statoil's shares listed on the Oslo Stock
Exchange (Oslo Børs) will be traded ex-dividend as of 20 May 2015. American
Depositary Shares (ADS) listed on the New York Stock Exchange will be traded
ex-dividend as of 19 May 2015. The expected dividend payment date for
Statoil's shares on Oslo Stock Exchange (Oslo Børs) is 29 May 2015. The
expected payment date for dividends in USD under the US American Depository
Receipts (ADR) program is 4 June 2015.

The general meeting authorised the board to implement quarterly dividend
payments until the next ordinary annual general meeting. The board has
already approved the payment of an interim dividend for the first quarter of
2015 of NOK 1.80 per share.

The interim dividend accrues to the shareholders as of 13 August 2015.
Statoil's shares listed on Oslo Stock Exchange (Oslo Børs) will be traded
ex-dividend as of 14 August 2015, and the American Depositary Shares (ADS)
listed on New York Stock Exchange will be traded ex-dividend as of 13 August
2015. The expected dividend payment date for Statoil's shares on Oslo Stock
Exchange (Oslo Børs) is on 27 August 2015. The expected payment date for
dividends in USD under the US American Depository Receipts (ADR) program is 3
September 2015.

Bjørn Ståle Haavik, Director General of the Ministry of Oil and Energy, was
elected as personal deputy for Elisabeth Berge in the nomination committee
until the 2016 annual general meeting.

The general meeting gave its approval of the board's statement on the
stipulation of salary and other remuneration for the executive management. It
also approved the remuneration to the company's auditor, the corporate
assembly and the nomination committee.

The general meeting authorised the board to acquire shares in Statoil ASA in
the market in order to continue the share saving plan for employees. The
general meeting also authorised the board to acquire shares in Statoil ASA in
the market for subsequent annulment.

A proposal from shareholders had been submitted in advance, suggesting that
Statoil in its routine annual reporting from 2016 should include further
information related to sustainable development. This proposal was adopted.

Two other proposals had also been submitted by shareholders, one suggesting
that Statoil in its routine annual reporting from 2016 should include the
company's evaluation of projects in the portfolio compared to IPCCs AR5
scenarios, another that the board of directors should initiate a new strategy
for a more sustainable development and management of the company's resources
and activities. These proposals were not adopted.

Please find enclosed the complete minutes of the annual general meeting.

Contact persons:

Investor relations

Peter Hutton, senior vice president for investor relations,
Tel: +44 7881 918 792

Morten Sven Johannessen, vice president for investor relations USA,
Tel: + 1 203 570 2524

Press

Jannik Lindbæk Jr., vice president for media relations,
Tel: +47 97 75 56 22

This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)

Minutes of Annual General Meeting in Statoil ASA 19 May 2015
http://hugin.info/132799/R/1922700/689363.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Statoil via Globenewswire

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