Annual general meeting 2015. (Photo: Harald Pettersen)
The annual accounts and the annual report for Statoil ASA and the Statoil group for 2014 were approved, and a dividend of NOK 1.80 per share will be distributed for the fourth quarter of 2014, implying a full-year dividend of NOK 7.20 per share for 2014. The dividend accrues to the company's shareholders as of 19 May 2015. Statoil's shares listed on the Oslo Stock Exchange (Oslo Børs) will be traded ex-dividend as of 20 May 2015. American Depositary Shares (ADS) listed on the New York Stock Exchange will be traded ex-dividend as of 19 May 2015. The expected dividend payment date for Statoil's shares on Oslo Stock Exchange (Oslo Børs) is 29 May 2015. The expected payment date for dividends in USD under the US American Depository Receipts (ADR) program is 4 June 2015.
The general meeting authorised the board to implement quarterly dividend payments until the next ordinary annual general meeting. The board has already approved the payment of an interim dividend for the first quarter of 2015 of NOK 1.80 per share.
The interim dividend accrues to the shareholders as of 13 August 2015. Statoil's shares listed on Oslo Stock Exchange (Oslo Børs) will be traded ex-dividend as of 14 August 2015, and the American Depositary Shares (ADS) listed on New York Stock Exchange will be traded ex-dividend as of 13 August 2015. The expected dividend payment date for Statoil's shares on Oslo Stock Exchange (Oslo Børs) is on 27 August 2015. The expected payment date for dividends in USD under the US American Depository Receipts (ADR) program is 3 September 2015.
Bjørn Ståle Haavik, Director General of the Ministry of Oil and Energy, was elected as personal deputy for Elisabeth Berge in the nomination committee until the 2016 annual general meeting.
The general meeting gave its approval of the board's statement on the stipulation of salary and other remuneration for the executive management. It also approved the remuneration to the company's auditor, the corporate assembly and the nomination committee.
The general meeting authorised the board to acquire shares in Statoil ASA in the market in order to continue the share saving plan for employees. The general meeting also authorised the board to acquire shares in Statoil ASA in the market for subsequent annulment.
A proposal from shareholders had been submitted in advance, suggesting that Statoil in its routine annual reporting from 2016 should include further information related to sustainable development. This proposal was adopted.
Two other proposals had also been submitted by shareholders, one suggesting that Statoil in its routine annual reporting from 2016 should include the company's evaluation of projects in the portfolio compared to IPCCs AR5 scenarios, another that the board of directors should initiate a new strategy for a more sustainable development and management of the company's resources and activities. These proposals were not adopted.
Please find enclosed the complete minutes of the annual general meeting.
Contact persons:
Investor relations
Peter Hutton, senior vice president for investor relations,
Tel: +44 7881 918 792
Morten Sven Johannessen, vice president for investor relations USA,
Tel: + 1 203 570 2524
Press
Jannik Lindbæk Jr., vice president for media relations,
Tel: +47 97 75 56 22
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)