Today: January 16, 2018, 2:30 pm
  
Business

Statoil ASA: Result of the Dividend Issue for the second quarter 2017

PR-Inside.com: 2017-12-14 08:07:01

Reference is made to the previous announcements by Statoil ASA (the "Company", OSE:STL, NYSE:STO) regarding the Dividend Issue for the second quarter 2017.

The subscription period expired on 4 December 2017 and subscriptions were made for a total of 17,509,536 Dividend Shares in the Dividend Issue, reducing the dividend payable by approximately USD 335 million for the Company. Approximately 49% 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 14 December 2017. The delivery of the Dividend Shares to shareholders on Oslo Børs ("Oslo Stock Exchange") is expected to take place on or around 15 December 2017 and on or around 18 December 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 18 December 2017.

Payment of the cash dividend to holders of ordinary shares on Oslo Børs is expected to be on or around 15 December 2017. Cash payment of the dividend to holders of ADRs is expected to be on or around 18 December 2017.

Contact persons:

Peter Hutton, senior vice president for investor relations,
tel: +44 7881 918 792

Helge Hove Haldorsen , vice president for investor relations USA,
tel: + 1 281 2240140

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.




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Statoil via Globenewswire




# 550 Words
Related Articles
More From The Author
Constellium awarded the 2017 Defense Manufacturing Technology [..]
  AMSTERDAM, the Netherlands, Dec. 14, 2017 (GLOBE NEWSWIRE) -- Constellium N.V. (NYSE:CSTM) (Euronext Paris:CSTM) was a [..]
Karolinska Development's portfolio company Promimic receives [..]
STOCKHOLM, December 14, 2017. Karolinska Development announces today that the portfolio company Promimic has received approval from [..]
Alibaba Cloud Becomes the First Cloud Computing [..]
Alibaba Cloud, the cloud computing arm of the Alibaba Group, announced today that it had completed its assessment for the [..]
Heijmans to develop and build 377 homes [..]
Heijmans and Vesteda have signed a contract for the development and construction of 377 rental homes. The homes will be [..]
Aker Solutions Secures Subsea Services Agreement With [..]
December 14, 2017 - Aker Solutions secured a framework agreement to provide subsea services for Statoil-operated oil and gas [..]
 
More From Business
Belinvestbank JSC enables acceptance of JCB Cards [..]
Minsk and Tokyo, Jan 16, 2018 - (ACN Newswire) - Belinvestbank JSC ("Belinvestbank"), a leading bank in Belarus, and [..]
Convey Best Wishes by Sending Lucky Bamboo [..]
New Delhi, India: Life is moving at a much faster rate and people hardly find time to join for any [..]
Nam A Bank and JCB cooperate to [..]
Ho Chi Minh City, Jan 16, 2018 - (ACN Newswire) - Nam A Commercial Joint Stock Bank (Nam A Bank) [..]
Order online cakes, and Send your Love [..]
You can quickly order any cake on any occasion for any destination even at an odd hour all possible now [..]
Giftalove.com Offers a Reliable Platform to Choose [..]
New Delhi, India: Are you looking for unique Birthday Gifts for Boyfriend that can please him and but not getting [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.