Statoil ASA: Subscription price set for the Dividend Issue for the fourth quarter 2015 under the Scrip Dividend Programme
(Thomson Reuters ONE) -
Reference is made to the announcement made on 30 May 2016 by Statoil ASA
(OSE:STL, NYSE:STO) regarding the Dividend Issue for the fourth quarter 2015.
The subscription price has, in line with the resolution made by the annual
general meeting on 11 May 2016, been set as the volume-weighted average share
price over the last two trading days (9 and 10 June) on 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
137.52. The subscription price per share is consequently set at NOK 130.64.
For holders of American Depositary Receipts, the applicable USDNOK exchange rate
has been defined as the average of the Central Bank of Norway's exchange rate
over the last two trading days of the subscription period for the dividend
issue. The average exchange rate for these respective days was 8.1783. The
subscription price per share for ADR-holders is consequently set at USD 15.97.
This information is subject of the disclosure requirements acc. to § 5-12 vphl
(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 GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Statoil via GlobeNewswire
[HUG#2020030]
Unternehmensinformation / Kurzprofil:
Datum: 13.06.2016 - 07:59 Uhr
Sprache: Deutsch
News-ID 477143
Anzahl Zeichen: 2818
contact information:
Town:
Stavanger
Kategorie:
Business News
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"Statoil ASA: Subscription price set for the Dividend Issue for the fourth quarter 2015 under the Scrip Dividend Programme"
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