On 15 May 2019, the annual general meeting (AGM) of shareholders in Equinor ASA
(OSE: EQNR, NYSE:EQNR) approved the annual report and accounts for Equinor ASA
for 2018, as proposed by the board of directors.
The annual accounts and the annual report for Equinor ASA and the Equinor group
for 2018 were approved, and a dividend of US dollar ("USD") 0.26 per share will
be distributed for the fourth quarter of 2018.
The fourth quarter 2018 dividend accrues to the shareholders as registered in
Equinor's shareholder register with the Norwegian Central Securities Depository
(VPS) as of expiry of 20 May 2019 (the "Record Date").
Subject to ordinary settlement in VPS, this implies that the right to dividends
accrues to shareholders as of 15 May 2019. The shares will be traded ex-dividend
on the Oslo Stock Exchange (Oslo Børs) from and including 16 May 2019. For US
ADR (American Depository Receipts) holders, dividend accrues to the ADR-holders
as of 16 May 2019, and the ex-dividend date will be from and including 17 May
2019.
Shareholders whose shares trade on Oslo Børs will receive their dividend in
Norwegian kroner ("NOK"). The NOK dividend will be communicated on 24 May 2019.
The expected payment date for the dividend is on or around 29 May 2019.
The AGM authorised the board of directors to resolve quarterly dividend payments
until the next ordinary annual general meeting, but not beyond 30 June 2020.
A proposal from two shareholders had been submitted in advance, suggesting that
Equinor should refrain from oil and gas exploration and production activities in
certain areas. This proposal was not adopted.
Furthermore, a shareholder had proposed that Equinor should set medium and long-
term quantitative targets that include Scope 1, 2 and 3 greenhouse gas
emissions. The shareholder's proposal was not adopted.
A proposal from a shareholder was linked to a new direction for the company
including phasing out of all exploration activities within two years. This
proposal was not adopted.
Another shareholder had proposed that all Equinor's efforts within CO2 capture
and storage should be immediately abandoned. This proposal was not adopted.
The AGM endorsed the board's report for 2018 on Corporate Governance.
Furthermore, the AGM endorsed the board's guidelines on stipulation of salary
and other remuneration for executive management and approved the part of the
proposal related to remuneration linked to the development of the company's
share price. Remuneration to the company's external auditor was also approved.
The proposal of the corporate assembly to the general meeting to elect Ernst &
Young AS as the group's new external auditor as of the accounting year 2019 was
approved by the AGM.
The AGM authorised the board to acquire Equinor shares in the market on behalf
of the company in order to continue the share saving plan for employees. The
authorisation shall be valid until the next annual general meeting, but not
beyond 30 June 2020.
The AGM also authorised the board to acquire Equinor shares in the market for
subsequent annulment. Own shares acquired pursuant to this authorisation may
only be used for annulment through a reduction on the company's share capital.
The authorisation shall be valid until the next annual general meeting, but not
beyond 30 June 2020.
Please find enclosed the complete minutes of the AGM.
Contact persons:
Investor relations
Peter Hutton, senior vice president for investor relations,
tel: +44 7881 918 792
Helge Hove Haldorsen, vice president for investor relations USA,
tel: + 1 281 224 0140
Press
Bård Glad Pedersen, vice president for media relations,
tel: +47 91 80 17 91
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act