Statoil ASA: Annual general meeting approves dividend of NOK 1.80 per share for the fourth quarter of 2014
May 19 2015 - 3:09PM
On 19 May 2015 the annual general meeting of shareholders
in Statoil ASA (OSE: STL, NYSE: STO) adopted the annual report and
accounts for Statoil ASA for 2014, as proposed by the board of
directors.
The annual accounts and the annual report for Statoil ASA and
the Statoil group for 2014 were approved, and a dividend of NOK
1.80 per share will be distributed for the fourth quarter of 2014,
implying a full-year dividend of NOK 7.20 per share for 2014. The
dividend accrues to the company's shareholders as of 19 May 2015.
Statoil's shares listed on the Oslo Stock Exchange (Oslo Børs) will
be traded ex-dividend as of 20 May 2015. American Depositary Shares
(ADS) listed on the New York Stock Exchange will be traded
ex-dividend as of 19 May 2015. The expected dividend payment date
for Statoil's shares on Oslo Stock Exchange (Oslo Børs) is 29 May
2015. The expected payment date for dividends in USD under the US
American Depository Receipts (ADR) program is 4 June 2015.
The general meeting authorised the board to implement quarterly
dividend payments until the next ordinary annual general meeting.
The board has already approved the payment of an interim dividend
for the first quarter of 2015 of NOK 1.80 per share.
The interim dividend accrues to the shareholders as of 13 August
2015. Statoil's shares listed on Oslo Stock Exchange (Oslo Børs)
will be traded ex-dividend as of 14 August 2015, and the American
Depositary Shares (ADS) listed on New York Stock Exchange will be
traded ex-dividend as of 13 August 2015. The expected dividend
payment date for Statoil's shares on Oslo Stock Exchange (Oslo
Børs) is on 27 August 2015. The expected payment date for dividends
in USD under the US American Depository Receipts (ADR) program is 3
September 2015.
Bjørn Ståle Haavik, Director General of the Ministry of Oil and
Energy, was elected as personal deputy for Elisabeth Berge in the
nomination committee until the 2016 annual general
meeting.
The general meeting gave its approval of the board's statement
on the stipulation of salary and other remuneration for the
executive management. It also approved the remuneration to the
company's auditor, the corporate assembly and the nomination
committee.
The general meeting authorised the board to acquire shares in
Statoil ASA in the market in order to continue the share saving
plan for employees. The general meeting also authorised the board
to acquire shares in Statoil ASA in the market for subsequent
annulment.
A proposal from shareholders had been submitted in advance,
suggesting that Statoil in its routine annual reporting from 2016
should include further information related to sustainable
development. This proposal was adopted.
Two other proposals had also been submitted by shareholders, one
suggesting that Statoil in its routine annual reporting from 2016
should include the company's evaluation of projects in the
portfolio compared to IPCCs AR5 scenarios, another that the board
of directors should initiate a new strategy for a more sustainable
development and management of the company's resources and
activities. These proposals were not adopted.
Please find enclosed the complete minutes of the annual general
meeting.
Contact persons:
Investor relations
Peter Hutton, senior vice president for investor relations, Tel:
+44 7881 918 792
Morten Sven Johannessen, vice president for investor relations
USA, Tel: + 1 203 570 2524
Press
Jannik Lindbæk Jr., vice president for media relations, Tel: +47
97 75 56 22
This information is subject of the disclosure requirements acc.
to §5-12 vphl (Norwegian Securities Trading Act)
Minutes of Annual General Meeting in Statoil ASA 19 May 2015
http://hugin.info/132799/R/1922700/689363.pdf
HUG#1922700
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