Stavanger, Norway, May 19, 2015 (GLOBE NEWSWIRE) -- This is a correction of the announcement from 08:29 19.05.2015 CEST. Reason for the correction: The previous announcement "Statoil US Employee Share Savings plan allocates shares" was based on information available on 20 April. The corrected version includes data from the notifiable trading conducted on 18 May.
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The following primary insiders have on 18 May acquired shares in Statoil ASA (OSE:STL, NYSE:STO) in connection with the company's long-term incentive programme.
The long-term incentive programme 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.
As participant in the Statoil US Employee Share Savings plan, the Statoil ASA primary-insider Mr. William Maloney has been allocated shares on 18 May 2015, at an average price of USD 21.30:
|Name||Allocated shares*||New share holding*|
*American Depositary Receipts (ADR)
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
CONTACT: Hilde Merete Nafstad, SVP Investor Relations, mbl +47 95783911 Morten Sven Johannessen, VP Investor Relations USA, mbl +1 203 570 2524Source:Statoil