STO » Topics » Item 16E Purchases of Equity Securities by the Issuer and Affiliated Purchasers

This excerpt taken from the STO 20-F filed Mar 20, 2007.

Item 16E Purchases of Equity Securities by the Issuer and Affiliated Purchasers

Statoil share savings program
At the annual general meeting of shareholders in May 2005, the shareholders authorized the board of directors to acquire Statoil shares in the market on behalf of the company.

The board decides the manner in which the acquisition of Statoil shares in the market take place. Shares acquired in accordance with the authorization may only be used for sale and transfer to employees of the Statoil group as part of the group’s share investment plan approved by the board. The lowest amount which may be paid per share is the nominal value and the highest amount which may be paid per share is a maximum of 100 times the nominal value. The authorization was renewed on May 10, 2006 and is valid until May 15, 2007.

The nominal value of each share is NOK 2.50 (USD 0.40). At a maximum overall nominal value of NOK 10 million, the authorization for repurchase of shares in connection with the group’s share savings plan covers a repurchase of no more than four million shares.

Period in which shares where repurchased

Number of shares repurchased

Average price per
share in NOK

Total number of shares purchased as part of program (1)

Maximum number of shares that may yet be purchased under the program authorization (1)


January 2006

120,000

168.23

41,183

2,799,500

February 2006

119,500

169.20

39,299

2,680,000

March 2006

116,000

175.07

38,440

2,564,000

April 2006

100,700

202.50

31,429

2,463,300

May 2006

113,000

180.89

36,585

3,887,000

June 2006

129,000

160.66

42,073

3,758,000

July 2006

111,000

187.68

37,143

3,647,000

August 2006

118,000

175.95

37,398

3,529,000

September 2006

133,000

158.89

42,978

3,396,000

October 2006

139,000

154.63

46,026

3,257,000

November 2006

125,500

175.10

41,700

3,131,500

December 2006

138,000

165.69

40,196

2,993,500

January 2007

171,500

161.15

171,500

2,822,000

February 2007

170,800

162.50

170,800

2,651,200


Total

1,805,000(2)

169.93 (3)

1,805,000

2,651,200

(1) The authorization to repurchase a maximum of four million shares with a maximum overall nominal value of NOK 10 million for repurchase of shares in connection with the group’s share investment plan was given by the annual general meeting on May 5, 2004, renewed on May 11, 2005 and renewed again on May 10, 2006 and is valid until May 15, 2007.
(2) All shares repurchased have been purchased in the open market and pursuant to authorizations mentioned above.
(3) Weighted average price per share. Converted for the convenience of the reader at the year-end 2006 rate of exchange of USDNOK 6.2287, this is equivalent to USD 27.28.

Purchase of Statoil shares for subsequent cancellation
At the 2006 annual general meeting of shareholders, the shareholders authorized the board of directors to repurchase shares in the market for subsequent cancellation.  The authorization applies to the acquisition of up to 50 million shares, at a price of between NOK 50 and NOK 500 per share.  Repurchased shares acquired under this authorization may only be cancelled through a capital reduction.  In accordance with our agreement with the Norwegian State, a corresponding number of the State’s shares will also be redeemed and cancelled.  Statoil has agreed not to acquire further shares in the market pursuant to this share repurchase authorization until the proposed merger with Norsk Hydro’s oil and gas activities is closed, which, subject to regulatory approval, is currently expected to occur in the third quarter of 2007.

Statoil’s board of directors has proposed a new authorization to repurchase Statoil shares for subsequent cancellation in the 2007-2008 period, subject to renewal of our agreement with the Norwegian State and approval by the annual general meeting of shareholders on May 15, 2007.

Period in which shares where repurchased

Number of shares repurchased

Average price per
Share in NOK

Total number of shares purchased as part of program (1)

Maximum number of shares that may yet be purchased under the program authorization (1)


August 2006

585,000

170.53

585,000

49,415,000

September 2006

1,852,000

173.33

1,852,000

47,563,000

November 2006

3,430,000

172.35

3,430,000

44,133,000


Total

5,867,000(2)

172.48 (3)

5,867,000

44,133,000


(1) The authorization to repurchase up to 50 million shares in the market for subsequent cancellation at a price of between NOK 50 and NOK 500 per share was approved by the annual general meeting on May 10, 2006. Statoil has agreed not to acquire further shares in the market pursuant to this share repurchase authorization until the proposed merger with Norsk Hydro’s oil and gas activities is closed, which, subject to regulatory approval, is currently expected to occur in the third quarter of 2007.
(2) All shares repurchased have been purchased in the open market and pursuant to authorizations mentioned above.
(3) Weighted average price per share. Converted for the convenience of the reader at the year-end 2006 rate of exchange of USDNOK 6.2287, this is equivalent to USD 27.69.

 


PART III

 

This excerpt taken from the STO 20-F filed Mar 20, 2007.

Item 16E Purchases of Equity Securities by the Issuer and Affiliated Purchasers

Statoil share savings program
At the annual general meeting of shareholders in May 2005, the shareholders authorized the board of directors to acquire Statoil shares in the market on behalf of the company.

The board decides the manner in which the acquisition of Statoil shares in the market take place. Shares acquired in accordance with the authorization may only be used for sale and transfer to employees of the Statoil group as part of the group’s share investment plan approved by the board. The lowest amount which may be paid per share is the nominal value and the highest amount which may be paid per share is a maximum of 100 times the nominal value. The authorization was renewed on May 10, 2006 and is valid until May 15, 2007.

The nominal value of each share is NOK 2.50 (USD 0.40). At a maximum overall nominal value of NOK 10 million, the authorization for repurchase of shares in connection with the group’s share savings plan covers a repurchase of no more than four million shares.

Period in which shares where repurchased

Number of shares repurchased

Average price per
share in NOK

Total number of shares purchased as part of program (1)

Maximum number of shares that may yet be purchased under the program authorization (1)


January 2006

120,000

168.23

41,183

2,799,500

February 2006

119,500

169.20

39,299

2,680,000

March 2006

116,000

175.07

38,440

2,564,000

April 2006

100,700

202.50

31,429

2,463,300

May 2006

113,000

180.89

36,585

3,887,000

June 2006

129,000

160.66

42,073

3,758,000

July 2006

111,000

187.68

37,143

3,647,000

August 2006

118,000

175.95

37,398

3,529,000

September 2006

133,000

158.89

42,978

3,396,000

October 2006

139,000

154.63

46,026

3,257,000

November 2006

125,500

175.10

41,700

3,131,500

December 2006

138,000

165.69

40,196

2,993,500

January 2007

171,500

161.15

171,500

2,822,000

February 2007

170,800

162.50

170,800

2,651,200


Total

1,805,000(2)

169.93 (3)

1,805,000

2,651,200

(1) The authorization to repurchase a maximum of four million shares with a maximum overall nominal value of NOK 10 million for repurchase of shares in connection with the group’s share investment plan was given by the annual general meeting on May 5, 2004, renewed on May 11, 2005 and renewed again on May 10, 2006 and is valid until May 15, 2007.
(2) All shares repurchased have been purchased in the open market and pursuant to authorizations mentioned above.
(3) Weighted average price per share. Converted for the convenience of the reader at the year-end 2006 rate of exchange of USDNOK 6.2287, this is equivalent to USD 27.28.

Purchase of Statoil shares for subsequent cancellation
At the 2006 annual general meeting of shareholders, the shareholders authorized the board of directors to repurchase shares in the market for subsequent cancellation.  The authorization applies to the acquisition of up to 50 million shares, at a price of between NOK 50 and NOK 500 per share.  Repurchased shares acquired under this authorization may only be cancelled through a capital reduction.  In accordance with our agreement with the Norwegian State, a corresponding number of the State’s shares will also be redeemed and cancelled.  Statoil has agreed not to acquire further shares in the market pursuant to this share repurchase authorization until the proposed merger with Norsk Hydro’s oil and gas activities is closed, which, subject to regulatory approval, is currently expected to occur in the third quarter of 2007.

Statoil’s board of directors has proposed a new authorization to repurchase Statoil shares for subsequent cancellation in the 2007-2008 period, subject to renewal of our agreement with the Norwegian State and approval by the annual general meeting of shareholders on May 15, 2007.

Period in which shares where repurchased

Number of shares repurchased

Average price per
Share in NOK

Total number of shares purchased as part of program (1)

Maximum number of shares that may yet be purchased under the program authorization (1)


August 2006

585,000

170.53

585,000

49,415,000

September 2006

1,852,000

173.33

1,852,000

47,563,000

November 2006

3,430,000

172.35

3,430,000

44,133,000


Total

5,867,000(2)

172.48 (3)

5,867,000

44,133,000


(1) The authorization to repurchase up to 50 million shares in the market for subsequent cancellation at a price of between NOK 50 and NOK 500 per share was approved by the annual general meeting on May 10, 2006. Statoil has agreed not to acquire further shares in the market pursuant to this share repurchase authorization until the proposed merger with Norsk Hydro’s oil and gas activities is closed, which, subject to regulatory approval, is currently expected to occur in the third quarter of 2007.
(2) All shares repurchased have been purchased in the open market and pursuant to authorizations mentioned above.
(3) Weighted average price per share. Converted for the convenience of the reader at the year-end 2006 rate of exchange of USDNOK 6.2287, this is equivalent to USD 27.69.

 


PART III

 

This excerpt taken from the STO 20-F filed Mar 31, 2006.

Item 16E Purchases of Equity Securities by the Issuer and Affiliated Purchasers

The annual general meeting of shareholders authorized on May 11, 2005 that the board of directors on behalf of the company acquire Statoil shares in the market. The authorization may be used to acquire Statoil shares with an overall nominal value of up to NOK 10 million.

The board decides the manner in which the acquisition of Statoil shares in the market take place. Shares acquired in accordance with the authorization may only be used for sale and transfer to employees of the Statoil group as part of the group’s share investment plan approved by the board. The lowest amount which may be paid per share is the nominal value and the highest amount which may be paid per share is a maximum of 100 times the nominal value. The current authorization is valid until November 2006.

The nominal value of each share is NOK 2.50 (USD 0.37). At a maximum overall nominal value of NOK 10 million, the current authorization covers a repurchase of no more than four million shares.

Period in  which  shares where repurchased

Number of shares repurchased

Average price per
share in NOK

Total number of shares purchased as part of program (1)

Maximum number of shares that may yet be purchased under the program

January 2005

74,266

 95.14

74,266

3,914,743

February 2005

69,803

106.35

69,803

3,844,940

March 2005

68,366

110.35

68,366

3,776,574

April 2005

69,540

109.72

69,540

3,707,034

May 2005

69,132

106.81

69,132

3,637,902

June 2005

59,093

127.00

59,093

3,578,809

July 2005

59,889

145.88

59,889

3,518,920

August 2005

59,152

153.00

59,152

3,459,768

September 2005

54,990

161.00

54,990

3,404,778

October 2005

58,302

143.88

58,302

3,346,476

November 2005

61,471

144.82

61,471

3,285,005

December 2005

51,332

157.94

51,332

3,233,673

January 2006

41,183

168.23

41,183

3,192,490

February 2006

39,299

169.20

39,299

3,153,191

March 2006

38,440

175,07

38,440

3,114,751

Total

874,258(2)

133.71 (3)

874,258

3,114,751

(1) The authorization to repurchase a maximum of four million shares with a maximum overall nominal value of NOK 10 million was given by the annual general meeting on May 5, 2004 and renewed on May 11, 2005. The current authorization is valid until November 2006.

(2) All shares repurchased have been purchased in the open market and pursuant to authorizations mentioned above.

(3) Weighted average price per share. Converted for the convenience of the reader at the year-end 2005 rate of exchange of NOK/USD 6.7444, this is equivalent to USD 19.81.

 


PART III

 

This excerpt taken from the STO 20-F filed Mar 31, 2005.

Item 16E Purchases of Equity Securities by the Issuer and Affiliated Purchasers


The annual general meeting of shareholders authorized on May 5, 2004 that the board of directors on behalf of the company acquire Statoil shares in the market. The authorization may be used to acquire Statoil shares with an overall nominal value of up to NOK 10 million. The board will decide the manner in which the acquisition of Statoil shares in the market will take place. Such shares acquired in accordance with the authorization may only be used for sale and transfer to employees of the Statoil group as part of the group's share investment plan approved by the board. The lowest amount which may be paid per share is the nominal value and the highest amount which may be paid per share is a maximum of 50 times the nominal value. The current authorization is valid until November 2005.


The nominal value of each share is NOK 2.50 (USD 0.41). At a maximum overall nominal value of NOK 10 million, the current authorization covers a repurchase of no more than four million shares.



Period in which shares where repurchased

Number of shares repurchased

Average price per share in NOK

Total number of shares purchased as part of program (1)

Maximum number of shares that may yet be purchased under the program

January 2004

0

n/a

0

4,000,000

February 2004

0

n/a

0

4,000,000

March 2004

0

n/a

0

4,000,000

April 2004

0

n/a

0

4,000,000

May 2004

0

n/a

0

4,000,000

June 2004

0

n/a

0

4,000,000

July 2004

0

n/a

0

4,000,000

August 2004

0

n/a

0

4,000,000

September 2004

0

n/a

0

4,000,000

October 2004

0

n/a

0

4,000,000

November 2004

8,115

91.33

8,115

3,995,885

December 2004

2,876

95.70

2,876

3,989,009

January 2005

74,266

95.14

74,266

3,914,743

February 2005

68,744

106.35

68,744

3,845,999

March 2005

154,800

110.35

154,800

3,691,199

Total

308,801(2)

105.17 (3)

308,801

3,691,199

(1)The authorization to repurchase a maximum of four million shares was given by the annual general meeting on May 5, 2004, announced on May 6, 2004, and is valid until November 2005.

(2)All shares repurchased have been purchased in the open market and pursuant to the above mentioned authorization.

(3)Weighted average price per share. Converted for the convenience of the reader at the year-end rate of exchange of NOK/USD 6.0794, this is equivalent to USD 17.30.

 


PART III

 

"Item 16E Purchases of Equity Securities by the Issuer and Affiliated Purchasers" elsewhere:

Total S.A. (TOT)
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