Statoil ASA: Result of the Dividend Issue for the third quarter 2016
April 05 2017 - 10:08AM
Reference is made to the previous announcements by
Statoil ASA (the "Company", OSE:STL, NYSE:STO) regarding the
Dividend Issue for the third quarter 2016.
The subscription period expired on 24 March 2017 and
subscriptions were made for a total of 21,506,370 Dividend Shares
in the Dividend Issue, reducing the dividend payable by
approximately USD 338 million for the Company. Approximately 51% 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 6 April 2017. The delivery
of the Dividend Shares to shareholders on Oslo Børs ("Oslo Stock
Exchange") is expected to take place on or about 7 April 2017 and
on or around 10 April 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 10
April 2017.
Payment of the cash dividend to holders of ordinary shares on
Oslo Børs is expected to be on or about 7 April 2017. Cash payment
of the dividend to holders of ADRs is expected to be on or about 10
April 2017.
Contact persons: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
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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