Statoil
oslo : STL

November 02, 2012 07:48 ET

Statoil: Notifiable trading

STAVANGER, NORWAY--(Marketwire - Nov 2, 2012) - The following primary insider has on 2 November acquired shares in Statoil ASA (OSE:STL, NYSE:STO) at share price of NOK 140.40 in connection with the company's long-term incentive program.

The long-term incentive program is a fixed, monetary compensation calculated as a portion of the participant's base salary; ranging from 20 - 30 per cent depending on the individual's position.

On behalf of the participant, the company acquires shares equivalent to the net annual amount. The grant is subject to a three year lock-in period. Number of acquired shares and new total shareholding is listed in the table below. The trade has been made through DNB Markets.

New Name Purchased shareholding

Bacher, Lars Christian 223 13,375

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

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Statoil via Thomson Reuters ONE

[HUG#1654652]

Contact Information

  • Lars Troen Sorensen
    Senior Vice President for Investor Relations
    +47 51 99 77 90
    +47 90 64 91 44

    Geir Bjornstad
    Vice President for Investor Relations in the USA
    +1 203 978 6950
    +1 203 570 5757