Equinor ASA: Minutes from the Annual General Meeting 2023
May 10 2023 - 2:23PM
On 10 May 2023, the annual general meeting in Equinor
ASA (OSE: EQNR, NYSE: EQNR) approved the annual report and accounts
for Equinor ASA and the Equinor group for 2022, as proposed by the
board of directors.
An ordinary dividend of US dollar ("USD") 0.30 per share and an
extraordinary dividend of USD 0.60 will be distributed for the
fourth quarter of 2022.
The fourth quarter 2022 dividend accrues to the shareholders as
registered in Equinor's shareholder register with the Norwegian
Central Securities Depository (VPS) as of expiry of 12 May 2023.
Subject to ordinary settlement in VPS, this implies that the right
to dividend accrues to shareholders as of 10 May 2023. The shares
will be traded ex-dividend on the Oslo Stock Exchange (Oslo Børs)
from and including 11 May 2023. Same dates will also apply for the
dividend under the US ADR (American Depository Receipts) program.
Shareholders whose shares trade on Oslo Børs will receive their
dividend in Norwegian kroner ("NOK"). The NOK dividend will be
communicated on 22 May 2023. The expected payment date for the
dividend in NOK and in USD under the ADR program is 25 May
2023.
The general meeting authorised the board of directors to resolve
dividend payments based on the company’s approved annual accounts
for 2022. The authorisation is valid until the next annual general
meeting, but no later than 30 June 2024.
Seven proposals from shareholders were up for voting. The
shareholders' supporting statements and the board's response are
available at www.equinor.com/agm. None of the shareholder proposals
were adopted. Details are included in the attached minutes.
The general meeting endorsed the board's report on Corporate
Governance.
The general meeting approved the board of directors'
remuneration policy and endorsed the board of directors’ 2022
remuneration report.
Remuneration to the company's external auditor for 2022 was
approved.
In accordance with the proposal from the nomination committee,
the general meeting adopted the remuneration to the corporate
assembly, effective as of 11 May 2023.
In accordance with the proposal from the nomination committee,
the general meeting adopted the remuneration to the nomination
committee, effective as of 11 May 2023.
The general meeting authorised the board of directors on behalf
of the company to acquire Equinor shares in the market to continue
the company’s share-based incentive plans for employees. The
authorisation is valid until 30 June 2024. The previous
authorisation, dated 11 May 2022, shall remain valid until the new
authorisation is registered in the company register.
As part of the company’s share buyback program, the general
meeting approved a reduction in capital through the cancellation of
own shares and the redemption of shares belonging to the Norwegian
State.
The general meeting authorised the board of directors on behalf
of the company to acquire Equinor shares in the market. It is a
precondition that the repurchased shares are subsequently annulled
through a resolution by a new general meeting to reduce the
company’s share capital. The authorisation is valid until the next
annual general meeting, but no later than 30 June 2024.
Minutes of the AGM is enclosed.
Contact persons:
Investor relationsBård Glad Pedersen, senior
vice president Investor Relations+47 918 01 791 (mobile)
PressSissel Rinde, vice president Media
Relations+47 412 60 584 (mobile)
This information is subject to the disclosure requirements
pursuant to Section 5-12 of the Norwegian Securities Trading
Act
- Minutes from Annual General Meeting in Equinor ASA 10 May
2023
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