STAVANGER, NORWAY--(Marketwired - May 14, 2013) - On 14 May 2013 the general meeting inStatoil ASA (OSE: STL, NYSE: STO) adopted the annual report and accountsfor Statoil ASA for 2012, as proposed by the board of directors.
The annual accounts and the annual report for Statoil ASA and the Statoilgroup for 2012 were approved, and a dividend of NOK 6.75 per share will bedistributed. The dividend accrues to the shareholders as of 14 May 2013,with expected dividend payment on 29 May 2013. The expected payment datefor 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 Børs) will betraded 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 17May 2013.
Elisabeth Berge, Secretary General of the Norwegian Ministry of Petroleumand Energy was elected for as a new member of the nomination committee forthe period until the 2014 Annual General Meeting. Johan A. Alstad, DeputyDirector General of the Ownership Section in the Norwegian Ministry ofPetroleum and Energy, was elected as personal deputy for Elisabeth Bergefor the same period.
The general meeting gave its approval of the board's statement onstipulation of salary and other remuneration for the executive management.It also approved the remuneration to the company's auditor, the corporateassembly and the nomination committee.
The board's proposed amendments to § 11 of Articles of Association inStatoil ASA were approved.
The general meeting authorised the board to acquire shares in Statoil ASAin the market in order to continue the share saving plan for employees. Thegeneral meeting also authorised the board to acquire shares in Statoil ASAin the market for subsequent annulment.
Two shareholder proposals had been submitted in advance, namely thatStatoil should withdraw from oil sands activities in Canada and thatStatoil should not operate in icy laden waters in the Arctic. Theseproposals were not adopted.
Please find the complete minutes of the ordinary general meeting enclosed.
This information is subject of the disclosure requirements pursuant tosection 5-12 of the Norwegian Securities Trading Act.
Minutes from Annual General Meeting in Statoil ASA:http://hugin.info/132799/R/1701831/562075.pdf
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