19/05-2009 21:55:00: (STL) Annual general meeting held in StatoilHydro ASA
The ordinary general meeting in StatoilHydro ASA (OSE: STL, NYSE:
STO) resolved on 19 May 2009 to adopt the annual report and accounts
for StatoilHydro ASA for 2008, as proposed by the board of directors.
The proposal for the allocation of net income, including distribution
of a total dividend of NOK 7.25 per share, of which NOK 2.85 per
share is special dividend, was also adopted. The dividend applies to
those who were shareholders on 19 May 2009 with expected payment 3
Statoil Hydro's shares listed on the Oslo Stock Exchange (Oslo Børs)
will be traded ex dividend as of 20 May 2009. American Depository
Shares (ADS) listed on the New York Stock Exchange will be traded ex
dividend as of 20 May 2009.
The ordinary general meeting approved the nomination committee's
proposal of a new deputy member to the corporate assembly.
The ordinary general meeting approved the board's declaration on
remuneration for top management. It also approved the compensation to
the company's auditor.
The ordinary general meeting also authorised the board to repurchase
own shares for implementation of the employee share saving plan in
accordance with the board's proposal.
The ordinary general meeting approved amendment of the articles of
association. "The Company's name is Statoil ASA. The Company is a
Public Limited Company. The object of Statoil ASA is to engage in
exploration, production, transportation, refining and marketing of
petroleum, petroleum-derived products, and other forms of energy, as
well as engaging in other business. The activities may also be
carried out through participation in or cooperation
with other companies."
A shareholder proposed that StatoilHydro should withdraw from tar
sands activities in Canada. The proposal was not adopted.
Please find the complete minutes of the ordinary general meeting
Ola Morten Aanestad, vice president for media relations:
+ 47 48 08 02 12
Lars Troen Sørensen, senior vice president for IR:
+ 47 90 64 91 44
Geir Bjørnstad, vice president, US investor relations:
+1 203 978 69 50
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