Statoil ASA: Subscription price set for the Dividend Issue for the second quarter 2016 under the Scrip Dividend Programme
(Thomson Reuters ONE) -
Reference is made to the announcement made on 21 November 2016 by Statoil ASA
(OSE:STL, NYSE:STO) regarding the dividend issue for the second quarter 2016
("the Dividend Issue").
The subscription price shall, in accordance with the resolution made by the
board of directors on 26 October 2016, be equal to the volume-weighted average
share price over the last two trading days (1 and 2 December 2016) 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
149.84. The subscription price per share is consequently NOK 142.35.
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. 1
and 2 December 2016. The average exchange rate for these respective days was
8.4390. The subscription price per share for ADR-holders is consequently USD
16.87.
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
Unternehmensinformation / Kurzprofil:
Datum: 05.12.2016 - 07:52 Uhr
Sprache: Deutsch
News-ID 510747
Anzahl Zeichen: 2751
contact information:
Town:
Stavanger
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 148 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Statoil ASA: Subscription price set for the Dividend Issue for the second quarter 2016 under the Scrip Dividend Programme"
steht unter der journalistisch-redaktionellen Verantwortung von
Statoil (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
