Annual general meeting 2014. (Photo: Asle Haukland, Statoil/AP)
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.
Persons elected as members of the corporate assembly for the period until the 2016 annual general meeting were the following: Olaug Svarva (nominated as chair for the corporate assembly election) (existing member and chair), Ida Kreutzer (nominated as deputy chair for the corporate assembly’s election) (existing member and deputy chair, Karin Aslaksen (existing member), Greger Mannsverk (existing member), Steinar Olsen (existing member), Ingvald Strømmen (existing member), Rune Bjerke (existing member), Siri Kalvig (existing member), Barbro Hætta (existing member), Terje Venold (new member), Tone Lunde Bakker (new member), and Kjersti Kleven (new member).
Persons elected as deputy members of the corporate assembly for the period until the 2016 annual general meeting were the following: Arthur Sletteberg (existing deputy member), Bassim Haj (existing deputy member), Nina Kivijervi Jonassen (new deputy member) and Birgitte Vartdal (new deputy member).
The general meeting gave its approval of the board's statement on 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.
Three proposals had been submitted by shareholders in advance, namely that Statoil should withdraw from oil sands activities in Canada, that Statoil should not operate in icy laden waters in the Arctic and that Statoil should terminate its engagements in Angola and Azerbaijan and re-invest the released capital in increasedresearch, development and production of sustainable energy. These proposals were not adopted.
Please find the complete minutes of the annual general meeting enclosed.
Further information:
Investor relations
Hilde Merete Nafstad, senior vice president for investor relations,
Tel: +47 957 83 911
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 pursuant to section 5-12 of the Norwegian Securities Trading Act.