Subscription price set for the Dividend Issue for the first quarter 2016 under the Scrip Dividend Programme

Reference is made to the announcement made on 29 August 2016 by Statoil ASA (OSE:STL, NYSE:STO) regarding the dividend issue for the first quarter 2016 (“the Dividend Issue”).
The subscription price shall, in accordance with the resolution made by the board of directors on 26 July 2016,be equal to the volume-weighted average share price over the last two trading days (8 and 9 September 2016) on Oslo Børs (“Oslo Stock Exchange”) of the subscription period for the Dividend Issue, with a deduction of a discount of 5%. …

Auteur: Redactie

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