CORRECTION: Notifiable trading Statoil ASA
May 19 2015 - 6:38AM
This is a correction of the announcement from 08:29 19.05.2015
CEST. Reason for the correction: The
previous announcement "Statoil US Employee Share Savings plan
allocates shares" was based on information available on 20
April. The corrected version includes data from the notifiable
trading conducted on 18 May.
- - - - -
The following primary insiders have on 18 May acquired
shares in Statoil ASA (OSE:STL, NYSE:STO) in connection with the
company's long-term incentive programme.
The long-term incentive programme is a fixed, monetary
compensation calculated as a portion of the participant's base
salary; ranging from 20 - 30 per cent depending on the individual's
position. On behalf of the participant, the company acquires shares
equivalent to the net annual amount. The grant is subject to a
three year lock-in period.
As participant in the Statoil US Employee Share Savings plan,
the Statoil ASA primary-insider Mr. William Maloney has been
allocated shares on 18 May 2015, at an average price of USD
21.30:
Name |
Allocated shares* |
New share holding* |
Maloney, William |
11732.526897 |
57,160.727721 |
*American Depositary Receipts (ADR)
This information is subject to the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading
Act.
HUG#1922416
CONTACT: Hilde Merete Nafstad, SVP Investor Relations, mbl +47 95783911
Morten Sven Johannessen, VP Investor Relations USA, mbl +1 203 570 2524
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