Statoil Approves NOK 1.80 per Share Dividend
At the annual general meeting of shareholders of Statoil ASA (STOHF) held on 19 May 2015 the dividend of NOK 1.80 per share was app0roved. This is to 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.
