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


Chevron Announces $20 Billion Capital and Exploratory Budget for 2019

SAN RAMON, Calif.--(BUSINESS WIRE)--Dec. 6, 2018-- Chevron Corporation (NYSE:CVX) today announced a 2019 organic capital and exploratory spending program of $20 billion. “Our 2019 budget supports a robust portfolio of upstream and downstream investments, highlighted by our world-class Permian Basi ...

OilVoice Press - OilVoice


Posted 3 days agoPress > ChevroncapitalBudget +5

Royal Dutch Shell PLC Third Quarter 2018 Euro and GBP Equivalent Dividend Payments

The Hague, December 6, 2018 - The Board of Royal Dutch Shell plc (“RDS”) today announced the pounds sterling and euro equivalent dividend payments in respect of the third quarter 2018 interim dividend, which was announced on November 1, 2018 at US$0.47 per A ordinary share (“A Share”) and B ordinar ...

OilVoice Press - OilVoice


Posted 3 days agoPress > ShellRoyal Dutch ShellEarnings +2

Equinor: Boosting Vigdis

Vigdis subsea installation. (Photo: André Osmundsen) The subsea field Vigdis has been producing oil through the Snorre field for more than 20 years. Field production will now be boosted by almost 11 million barrels. Equinor and its partners have decided to invest some NOK 1.4 billi ...

OilVoice Press - OilVoice


Posted 3 days agoPress > EquinorEquinor EnergyOffshore +4

Rystad Energy: All Eyes on Vienna

The OPEC + countries must cut 2019 supply growth by 1.5 million bpd if they want oil prices back above $70 next year. US production at $50 WTI levels would remove only 0.4 million bpd of the looming 1.5 million bpd surplus in the balances that Rystad Energy forecasts for 2019 in a status quo scena ...

OilVoice Press - OilVoice


Posted 3 days agoOpinion > Rystad EnergyOPECVienna +2

Shell’s Sale of Draugen and Gjøa Fields a Sign of Shifting Times in the Region, says GlobalData

Following the news (Friday 30 November) of Royal Dutch Shell subsidiary A/S Norske Shell completing a deal to exit its operated interest (44.56%) in the Draugen oil field and its non-operated interest (12%) in the Gjøa gas field, offshore Norway, further signifies portfolio rebalancing and divestme ...

OilVoice Press - OilVoice


Posted 5 days agoOpinion > ShellRoyal Dutch ShellDraugen +7
All posts from oilvoice