Equinor ASA: Annual general meeting approved dividend of USD 0.12 per share for fourth quarter 2020
May 11 2021 - 2:32PM
On 11 May 2021, the annual general meeting (AGM) of
shareholders in Equinor ASA (OSE: EQNR, NYSE: EQNR) approved the
annual report and accounts for Equinor ASA for 2020, as proposed by
the board of directors.
The annual accounts and the annual report for Equinor ASA and
the Equinor group for 2020 were approved, and a dividend of US
dollar (”USD”) 0.12 per share will be distributed for the fourth
quarter of 2020.
The fourth quarter 2020 dividend accrues to the shareholders as
registered in Equinor’s shareholder register with the Norwegian
Central Securities Depository (VPS) as of expiry of 14 May 2021
(the ”Record Date”). Subject to ordinary settlement in VPS, this
implies that the right to dividend accrues to shareholders as of 11
May 2021. For US ADR (American Depository Receipts) holders,
dividend accrues also as of 11 May 2021.
The shares will be traded ex-dividend on the Oslo Stock Exchange
(Oslo Børs) from and including 12 May 2021. On New York Stock
Exchange, the ADRs will trade ex-dividend from and including 13 May
2021. Shareholders whose shares trade on Oslo Børs will
receive their dividend in Norwegian kroner (”NOK”). The NOK
dividend will be communicated on 21 May 2021. The expected payment
date for the dividend in NOK and in USD under the ADR program is on
27 May 2021. The AGM authorised the board of directors to resolve
quarterly dividend payments until the next annual general meeting,
but no later than 30 June 2022.
The below proposals from shareholders were up for voting. The
shareholders’ supporting statements and the board’s responses are
available at www.equinor.com/agm
- To set short-, medium-, and long-term targets for greenhouse
gas (GHG) emissions of the company’s operations and the use of
energy products (including Scope 1, 2 and 3). The proposal was not
adopted.
- To report key information on both climate risk and nature. The
proposal was not adopted.
- To stop all exploration activity and test drilling for fossil
energy resources. The proposal was not adopted.
- To present a strategy for real business transformation to
sustainable energy production. The proposal was not adopted.
- To stop all oil and gas exploration in the Norwegian sector of
the Barents Sea. The proposal was not adopted.
- To spin-out Equinor’s renewable energy business in wind and
solar power to a separate company, “NewCo”. The proposal was not
adopted.
- To divest all non-petroleum-related business overseas and to
consider withdrawing from all petroleum-related business overseas.
The proposal was not adopted.
- That all exploration for new oil and gas discoveries is
discontinued, that Equinor multiplies its green investments,
improves its EGS profile and reduces its risk for future lawsuits.
The proposal was not adopted.
- Proposal for actions to avoid big losses overseas, receive
specific answers with regards to safety incidents and get the
audit’s evaluation of improved quality assurance and internal
control. The proposal was not adopted.
- To include nuclear in Equinor’s portfolio. The proposal was not
adopted.
The AGM endorsed the board’s report for 2020 on Corporate
Governance. Furthermore, the AGM approved the board of directors’
remuneration policy on determination of salary and other
remuneration for leading personnel. The AGM endorsed the board of
directors’ remuneration report for leading personnel.
Remuneration to the company's external auditor for 2020 was
approved.
Furthermore, the nomination committee’s proposed determination
of remuneration for the corporate assembly members and remuneration
for the nomination committee members were approved, effective from
12 May 2021.
The AGM authorised the board to acquire Equinor ASA shares in
the market on behalf of the company in order to continue the share
savings plan for employees. The authorisation is valid until the
next annual general meeting, but no later than 30 June 2022.
The AGM also authorised the board on behalf of the company to
acquire Equinor ASA shares in the market for subsequent annulment.
Own shares acquired pursuant to this authorisation may only be used
for annulment through a reduction on the company’s share capital.
The authorisation is valid until the next annual general meeting,
but no later than 30 June 2022.
Please find enclosed minutes of the AGM.
Contact persons:
Investor relationsPeter Hutton, senior vice
president for investor relations,tel: +44 7881 918 792
Helge Hove Haldorsen, vice president for investor relations
USA,tel: + 1 281 224 0140
PressBård Glad Pedersen, vice president for
media relations,tel: +47 91 80 17 91
This information is subject to the disclosure requirements
pursuant to Section 5-12 the Norwegian Securities Trading Act
- Minutes from Annual General Meeting in Equinor ASA 11 May
2021
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