Statoil ASA: Announcement of dividend per share for the first quarter 2017 in NOK
August 15 2017 - 11:01AM
Statoil (OSE: STL, NYSE: STO) announced 4 May 2017
dividend per share of USD 0.2201 for first quarter 2017. The NOK
dividend per share is based on average USDNOK fixing rate from
Norges Bank in the period plus/minus three business days from
record date 10 August 2017, in total seven business
days.
Average Norges Bank fixing rate for this period was 7.9482.
First quarter 2017 dividend per share is consequently NOK
1.7494.
Under the two-year scrip dividend programme ("Scrip Dividend
Programme") approved by the Annual General meeting 11 May 2017,
shareholders will have the option to receive dividend in newly
issued dividend shares. The subscription period for first quarter
2017 shall commence on 28 August 2017 and end on 8 September 2017.
Further information about the Scrip Dividend Programme will be
published in due course.
Cash dividend (net of any costs of newly issued dividend shares
elected under the Scrip Dividend Programme) will be paid to
shareholders on Oslo Børs on or around 22 September 2017 and to
holders of American Depositary Receipts ("ADRs") on New York Stock
Exchange on or around 25 September 2017.
This information is subject to the disclosure requirements
pursuant to section 5 -12 of the Norwegian Securities Trading
Act.
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