Press

Statoil ASA: Subscription Price Set for the Dividend Issue for the Third Quarter 2017 Under the Scrip Dividend Programme


Reference is made to the announcement made on 26 October 2017 by Statoil ASA (OSE:STL, NYSE:STO) regarding the dividend issue for the third quarter 2017 ("the Dividend Issue").

The subscription price shall, in accordance with the resolution made by the annual general meeting on 11 May 2017, be equal to the volume-weighted average share price over the last two trading days) on Oslo Børs ("Oslo Stock Exchange") of the subscription period for the Dividend Issue (8 and 9 March 2018) , with a deduction of a discount of 5%.

The volume-weighted average share price for the respective trading days was NOK 177.85. The subscription price per share is consequently NOK 168.95.

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 (8 and 9 March 2018). The average exchange rate for these respective days was 7.8133. The subscription price per share for ADR-holders is consequently USD 21.62.


Visit source site

https://statoil.com/en/media-centre.html

StatoilOSEDividendScrip Dividend

More items from oilvoice


Adoption of Autonomous Vehicles Could Increase U.S. Transportation Energy Consumption

Source: U.S. Energy Information Administration, Annual Energy Outlook 2018 Autonomous Vehicles: Uncertainties and Energy Implications Autonomous vehicles are one of the main sources of uncertainty in the future of U.S. transportation energy consumption, as autonomous vehicle technology has ...

OilVoice Press - OilVoice


Posted 3 hours agoOpinion > United StatesUSEIA +3

FACTBOX: China Threatens 25% Tariff on US Energy, Agricultural Products

The trade war between the US and China escalated on Saturday with China threatening an additional 25% tariff on $50 billion worth of US goods, including energy and agricultural products, in response to President Donald Trump's decision to place similar tariffs on the same annual value of Chinese p ...

OilVoice Press - OilVoice


Posted 3 hours agoOpinion > ChinaUnited StatesUS +10

Senex Partners With Jemena to Bring Project Atlas Gas to the Domestic Market in Late 2019

Senex Energy Limited (Senex, ASX: SXY) today announced it has executed agreements with major infrastructure operator Jemena to partner on the accelerated development of Project Atlas. Key points: Following the successful conclusion of a competitive bid process, Senex has partnered wi ...

OilVoice Press - OilVoice


Posted 9 hours agoPress > SenexSenex EnergyAustralia +4

Santos: Barossa Project Awards FEED Contracts

Santos today announced further progress on the front end engineering and design (FEED) phase of the Barossa offshore project with the award of three major engineering contracts. Santos Managing Director and Chief Executive Officer, Mr Kevin Gallagher said “These contracts reaffirm Barossa's positi ...

OilVoice Press - OilVoice


Posted 9 hours agoPress > SantosFEEDContract +3

Baker Hughes, a GE company Wins Large Scope in Equinor’s Drilling and Well Services Contract

HOUSTON & LONDON--(BUSINESS WIRE)--Jun. 18, 2018-- Baker Hughes, a GE company (NYSE: BHGE) announced today that the company was awarded an integrated well services contract to support a large proportion of Equinor's drilling and well construction activities in the Norwegian sector of the North Sea ...

OilVoice Press - OilVoice


Posted 10 hours agoPress > Baker HughesGEEquinor +6
All posts from oilvoice