Statoil's share saving plan allocates shares

January 18, 2018 07:44 CET

The shares purchased by DNB on behalf of Statoil ASA (OSE: STL, NYSE: STO) on 15 January 2018 for use in the group's Share Saving Plan have on 18 January 2018 been distributed to the employees in accordance with their savings amount.

In addition, bonus shares have been allocated based on participation in the program in 2015.

Following this, the share saving plan has 7,962,356 shares.

As participants in the share saving plan, Statoil’s primary insiders and their close associates have been allocated shares at an average price of NOK 185.75 per share. Details on allocation of shares are set forth in the below table.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Name

Title

Shares allocated to primary insider

Shares allocated to close associate(s)

New shareholding

primary insider

New shareholding close associate(s)

New total shareholding

Alton, Russell

Senior vice president

1,558

 

7,597

 

7,597

Bacher, Lars Chr.

Executive vice president

1,091

 

24,400

 

24,400

Di Valerio, Ingrid E.

Member of the board of directors

350

 

4,821

 

4,821

Dodson, Timothy

Executive vice president

1,081

 

35,506

 

35,506

Gjærum, Reidar

Senior vice president

856

 

32,675

441

33,116

Hegge, Hans Jakob

Chief Financial Officer

839

362

29,071

4,234

33,305

Hika, Gemetchu

Company secretary

263

 

1,657

 

1,657

Hovden, Magne

Senior vice president

785

 

18,828

 

18,828

Jacobsen, Jon Arnt

Senior vice president corporate audit

1,116

 

22,160

 

22,160

Klouman, Hans Henrik

General counsel

1,237

 

35,338

 

35,338

Knight, John

Executive vice president

2,642

 

112,543

 

112,543

Kvelvane, Ørjan

Senior vice president

537

 

6,249

 

6,249

Labråten, Per-Martin

Member of the board of directors

173

 

1,516

 

1,516

Nilsson, Jannicke

Chief Operating Officer

775

372

22,561

17,077

39,638

Reitan, Torgrim

Executive vice president

1,123

 

35,784

1,574

37,358

Rummelhoff, Irene

Executive vice president

714

 

25,388

407

25,795

Skeie, Svein

Senior vice president

690

334

23,545

6,261

29,806

Sætre, Eldar

President and Chief Executive Officer

887

 

57,783

 

57,783

Siv Helen Torstensen

Vice president

581

274

5,233

1,580

6,813

Økland, Jens

Executive vice president

450

 

17,657

 

17,657

Øvrum, Margareth

Executive vice president

1,151

379

49,733

7,922

57,655