Statoil ASA: Subscription price set for the Dividend Issue for the third quarter 2016 under the Scrip Dividend Programme
March 27 2017 - 1:52AM
Reference is made to the announcement made on 13 March
2017 by Statoil ASA (OSE:STL, NYSE:STO) regarding the dividend
issue for the third quarter 2016 ("the Dividend
Issue").
The subscription price shall, in accordance with the resolution
made by the board of directors on 6 February 2017, be equal
to the volume-weighted average share price over the last two
trading days (23 and 24 March 2017) on Oslo Børs ("Oslo Stock
Exchange") of the subscription period for the Dividend Issue, with
a deduction of a discount of 5%.
The volume-weighted average share price for the respective
trading days was NOK 144.56. The subscription price per share is
consequently NOK 137.33.
The subscription price for the ADR holders will be equal to the
Subscription Price converted into USD using the Central Bank of
Norway's average closing exchange rate of the last two trading days
of the Subscription Period, i.e. 23 and 24 March 2017. The
average exchange rate for these respective days was 8.4883. The
subscription price per share for ADR-holders is consequently USD
16.18.
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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