Statoil ASA: Result of the Dividend Issue for the first quarter 2017
September 21 2017 - 2:29AM
Reference is made to the previous announcements by
Statoil ASA (the "Company", OSE:STL, NYSE:STO) regarding the
Dividend Issue for the first quarter 2017.
The subscription period expired on 8 September 2017 and
subscriptions were made for a total of 18,829,884 Dividend Shares
in the Dividend Issue, reducing the dividend payable by
approximately USD 340 million for the Company. Approximately 48% of
shareholders' total net dividend have been used to subscribe for
shares in the Dividend Issue.
The share capital increase relating to the Dividend Issue is
expected to be registered with the Norwegian Register of Business
Enterprises (Nw. Foretaksregisteret) on 21 September 2017. The
delivery of the Dividend Shares to shareholders on Oslo Børs ("Oslo
Stock Exchange") is expected to take place on or about 22 September
2017 and on or around 25 September 2017 for holders of ADRs on New
York Stock Exchange.
The Dividend Shares will be registered with VPS under ISIN NO
0010096985 and will be traded on Oslo Børs under the Company's
trading symbol "STL". Trading of the new shares will commence on 25
September 2017. Payment of the cash dividend to holders of ordinary
shares on Oslo Børs is expected to be on or about 22 September
2017. Cash payment of the dividend to holders of ADRs is expected
to be on or about 25 September 2017.
Contact persons:
Peter Hutton, senior vice president for investor relations, tel:
+44 7881 918 792
Helge Hove Haldorsen, vice president for investor relations USA,
tel: + 1 281 2240140
This information is subject to the disclosure requirements
pursuant to section 5 -12 of the Norwegian Securities Trading
Act.
This announcement and the information contained herein does not
constitute or form a part of, and should not be construed as, an
offer for sale or subscription for or solicitation or invitation of
any offer to subscribe for or purchase of dividend shares or any
other securities of the Company and cannot be relied on for any
investment contract or decision.
It may be unlawful to distribute this announcement in certain
jurisdictions. This announcement is not for distribution in any
jurisdiction in which prior registration or approval is required
for that purpose. No steps have been taken or will be taken in any
jurisdiction outside of Norway in which such steps would be
required. No competent authority or any other regulatory body has
passed upon the adequacy of this document or approved or
disapproved the distribution of dividend shares outside of Norway.
Any representation to the contrary may be a criminal offense.
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