On 14 May 2013 the general meeting in Statoil ASA (OSE: STL, NYSE: STO) adopted the annual report and accounts for Statoil ASA for 2012, as proposed by the board of directors.
The annual accounts and the annual report for Statoil ASA and the Statoil group for 2012 were approved, and a dividend of NOK 6.75 per share will be distributed. The dividend accrues to the shareholders as of 14 May 2013, with expected dividend payment on 29 May 2013. The expected payment date for dividends in USD under the US American Depository Receipts (ADR) program is 5 June 2013.
Statoil's shares listed on the Oslo Stock Exchange (Oslo Boers) will be traded ex-dividend as of 15 May 2013. American Depositary Shares (ADS) listed on the New York Stock Exchange will be traded ex dividend as of 17 May 2013.
Elisabeth Berge, Secretary General of the Norwegian Ministry of Petroleum and Energy was elected for as a new member of the nomination committee for the period until the 2014 Annual General Meeting. Johan A. Alstad, Deputy Director General of the Ownership Section in the Norwegian Ministry of Petroleum and Energy, was elected as personal deputy for Elisabeth Berge for the same period.
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 board's proposed amendments to § 11 of Articles of Association in Statoil ASA were approved.
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.
Two shareholder proposals had been submitted in advance, namely that Statoil should withdraw from oil sands activities in Canada and that Statoil should not operate in icy laden waters in the Arctic. These proposals were not adopted.
Please find the complete minutes of the ordinary 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
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Source: Statoil via Thomson Reuters ONE
