Over-allotment option for shares partially exercised
Historical archive
Published under: Stoltenberg's 1st Government
Publisher: Ministry of Petroleum and Energy
Press release | Date: 17/07/2001 | Last updated: 11/11/2006
Press release
Date: 17.07.2001
Over-allotment option for shares partially exercised
DnB Markets, Morgan Stanley and UBS Warburg, who are joint global coordinators acting on behalf of the underwriters, have partially exercised the over-allotment option to purchase additional ordinary shares in Statoil ASA.
The Norwegian Ministry of Petroleum
and Energy had granted the over-allotment option to the
underwriters in connection with the listing of Statoil's ordinary
shares on 18 June.
11,239,522 million ordinary shares were sold under the
over-allotment option at the price of NOK 69 per share. Statoil's
free float after the exercise of the option is 394,417,002 shares,
or 18.2 per cent.
All proceeds from the partial exercise of this over-allotment
option, NOK 776 million, will go to the Norwegian Ministry of
Petroleum and Energy.
This is not an offer of securities
for sale in the United States. Securities may not be offered or
sold in the United States unless they are registered or exempt from
registration. A public offering of securities in the United States
has been made by means of a Prospectus that may be obtained from
Statoil or the Norwegian State and that contains detailed
information about the company and management, as well as financial
statements. Statoil and the Norwegian State have registered
securities for sale in the United States.
This announcement has been issued by, and is the sole
responsibility of, Statoil ASA and has been approved for the
purposes of section 57 of the Financial Services Act 1986 of the
United Kingdom by Morgan Stanley & Co. International Limited
and UBS Warburg Ltd., each of which are regulated in the United
Kingdom by The Securities and Futures Authority Limited. Morgan
Stanley & Co. International Limited and UBS Warburg Ltd. are
acting for Statoil ASA and the Norwegian Ministry of Petroleum and
Energy and are not acting for any other person in connection with
the offering of securities, and will not be responsible for
providing to any other person the protections afforded to customers
of Morgan Stanley & Co. International or of UBS Warburg Ltd. or
for providing advice in relation to the offer.
Lars Troen Sørensen, Investor Relations, tel.+47 5199 4201, e-mail: IR@Statoil.com