Statoil ASA: Information relating to dividend and scrip dividend programme for second quarter 2017
July 27 2017 - 12:57AM
Key information relating to the cash dividend to be paid
by Statoil (OSE:STL, NYSE:STO) for second quarter
2017.
1. Dividend
Dividend amount: 0.2201 Declared currency: USD Last day
including rights: 31 October 2017 Ex-date: 1 November 2017 Record
date: 2 November 2017 Payment date: On or around 15 December at
Oslo Stock Exchange (Oslo Børs), on or around 18 December 2017 at
New York Stock Exchange. Date of approval: 26 July 2017
Other information: Dividend per share in NOK will be
communicated 9 November 2017.
2. Scrip dividend programme
With reference to the the scrip dividend programme, approved by
the annual general meeting (AGM) 11 May 2017, shareholders will get
the option to receive the dividend in newly issued shares at a
discount. For the dividend issue for second quarter 2017, the board
has set the discount to 5%.
Subscription price: For shareholders on Oslo Børs the
subscription price shall be set to the volume-weighted average
share price on Oslo Børs of the last two trading days of the
subscription period for the dividend issue, with a deduction for a
discount of 5%. For ADR-holders under the ADR program in the US,
the subscription price shall be equal to the subscription price for
the shareholders on Oslo Børs converted into USD based on an
average of the Central Bank of Norway's USD exchange rate over the
last two trading days of the subscription period.
The subscription period shall commence on or about 20 November
2017. The subscription period shall be at least 10 business days
for ordinary shareholders.
Will the rights be listed: No
Further information on the scrip programme for second quarter
2017 will be published in due course.
This information is published in accordance with the
requirements of the Continuing Obligations.
This information is subject to the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading
Act.
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