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Statoil: Annual General Meeting Approves Dividend Of NOK 7.00 Per Share

Stock quotes in this article: STL, STO

STAVANGER, Norway, May 14, 2014 (GLOBE NEWSWIRE) -- On 14 May 2014 the annual general meeting of shareholders in Statoil ASA (OSE: STL, NYSE: STO) adopted the annual report and accounts for Statoil ASA for 2013, as proposed by the board of directors.

The annual accounts and the annual report for Statoil ASA and the Statoil group for 2013 were approved, and a dividend of NOK 7.00 per share will be distributed. The dividend accrues to the shareholders as of 14 May 2014. Statoil's shares listed on the Oslo Stock Exchange (Oslo Børs) will be traded ex-dividend as of 15 May 2014. American Depositary Shares (ADS) listed on the New York Stock Exchange will be traded ex-dividend as of 15 May 2014. The expected dividend payment for Statoil's shares on Oslo Stock Exchange (Oslo Børs) is on 28 May 2014. The expected payment date for dividends in USD under the US American Depository Receipts (ADR) program is 4 June 2014.

The general meeting authorised the board to implement quarterly dividend payments from 1. quarter 2014. The board has approved the payment of interim dividend for 1. quarter 2014 of NOK 1.80 per share, provided that there is an approved registration of the authorisation in the Norwegian Brønnøysund Register Centre. The interim dividend accrues to the shareholders as of 13 August 2014. Statoil's shares listed on Oslo Stock Exchange (Oslo Børs) and the American Depositary Shares (ADS) listed on New York Stock Exchange will be traded ex-dividend as of 14 August 2014. The expected dividend payment date for Statoil's shares on Oslo Stock Exchange (Oslo Børs) is on 28 August 2014. The expected payment date for dividends in USD under the US American Depository Receipts (ADR) program is 5 September 2014.

Olaug Svarva (chair), Tom Rathke and Elisabeth Berge were re-elected, and Tone Lunde Bakker was newly elected, as members of the nomination committee for the period until the 2016 annual general meeting. Johan A. Alstad was re-elected as personal deputy for Elisabeth Berge for the same period.

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