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Proposed 2019 dividend of USD 1.80 per share corresponding to USD 511 million

Proposed 2019 dividend of USD 1.80 per share corresponding to USD 511 million

Proposed 2019 dividend of USD 1.80 per share corresponding to USD 511 million

31 January 2020

The Board of Directors of Lundin Petroleum AB (Lundin Petroleum) proposes a 2019 dividend of USD 1.80 per share, corresponding to USD 511 million.

In accordance with the dividend policy as announced on 30 January 2019, the Board of Directors will propose to the 2020 Annual General Meeting a dividend for 2019 of USD 1.80 per share, corresponding to USD 511 million (rounded off), to be paid in quarterly instalments of USD 0.45 per share, corresponding to USD 128 million (rounded off). Before payment, each quarterly dividend of USD 0.45 per share shall be converted into a SEK amount, and paid out in SEK, based on the USD to SEK exchange rate published by Sweden’s central bank (Riksbanken) four business days prior to each record date (rounded off to the nearest whole SEK 0.01 per share). The final USD equivalent amount received by the shareholders may therefore slightly differ depending on what the USD to SEK exchange rate is on the date of the dividend payment. The SEK amount per share to be distributed each quarter will be announced in a press release four business days prior to each record date.

Information about the proposed dividend to be paid out as follows:

Expected Ex-dividend dateExpected Record dateExpected payment date
1 April 20202 April 20207 April 2020
2 July 20203 July 20208 July 2020
1 October 20202 October 20207 October 2020
30 December 20204 January 20218 January 2021

In order to comply with Swedish company law, a maximum total SEK amount shall be pre-determined to ensure that the dividend distributed does not exceed the available distributable reserves of the Company and such maximum amount for the dividend has been set to a cap of SEK 9.203 billion (i.e. SEK 2.301 billion per quarter). If the total dividend would exceed the cap of SEK 9.203 billion, the dividend will be automatically adjusted downwards so that the total dividend corresponds to the cap of SEK 9.203 billion.

 

The first quarterly instalment of the proposed dividend of USD 0.25 per share will amount to SEK 2.49 per share

Proposed 2019 dividend of USD 1.80 per share corresponding to USD 511 million

Proposed 2019 dividend of USD 1.80 per share corresponding to USD 511 million

Proposed 2019 dividend of USD 1.80 per share corresponding to USD 511 million

31 January 2020

The Board of Directors of Lundin Petroleum AB (Lundin Petroleum) proposes a 2019 dividend of USD 1.80 per share, corresponding to USD 511 million.

In accordance with the dividend policy as announced on 30 January 2019, the Board of Directors will propose to the 2020 Annual General Meeting a dividend for 2019 of USD 1.80 per share, corresponding to USD 511 million (rounded off), to be paid in quarterly instalments of USD 0.45 per share, corresponding to USD 128 million (rounded off). Before payment, each quarterly dividend of USD 0.45 per share shall be converted into a SEK amount, and paid out in SEK, based on the USD to SEK exchange rate published by Sweden’s central bank (Riksbanken) four business days prior to each record date (rounded off to the nearest whole SEK 0.01 per share). The final USD equivalent amount received by the shareholders may therefore slightly differ depending on what the USD to SEK exchange rate is on the date of the dividend payment. The SEK amount per share to be distributed each quarter will be announced in a press release four business days prior to each record date.

Information about the proposed dividend to be paid out as follows:

Expected Ex-dividend dateExpected Record dateExpected payment date
1 April 20202 April 20207 April 2020
2 July 20203 July 20208 July 2020
1 October 20202 October 20207 October 2020
30 December 20204 January 20218 January 2021

In order to comply with Swedish company law, a maximum total SEK amount shall be pre-determined to ensure that the dividend distributed does not exceed the available distributable reserves of the Company and such maximum amount for the dividend has been set to a cap of SEK 9.203 billion (i.e. SEK 2.301 billion per quarter). If the total dividend would exceed the cap of SEK 9.203 billion, the dividend will be automatically adjusted downwards so that the total dividend corresponds to the cap of SEK 9.203 billion.

 

The fourth quarterly instalment of the dividend for 2018

The fourth quarterly instalment of the dividend for 2018

The fourth quarterly instalment of the dividend for 2018

The fourth quarterly instalment of the dividend for 2018 of USD 0.37 per share will amount to SEK 3.47 per share

27 December 2019

Lundin Petroleum AB (Lundin Petroleum) announces that the fourth quarterly instalment of the dividend for 2018 of USD 0.37 per share will amount to SEK 3.47 per share, with a total amount of SEK 986 million, corresponding to approximately USD 105 million. The expected payment date for the fourth quarterly instalment is 9 January 2020.

Information about the fourth quarterly instalment of the dividend:

Amount per share
(SEK)
Total dividend amount
(SEK)
Ex-dividend dateRecord dateExpected payment date
3.47986 million2 January 20203 January 20209 January 2020

In accordance with the updated dividend policy announced by Lundin Petroleum on 30 January 2019, the Annual General Meeting held on 29 March 2019 resolved on a dividend for 2018 of USD 1.48 per share, to be paid in quarterly instalments of USD 0.37 per share.

According to the dividend resolution, before payment, each quarterly dividend of USD 0.37 per share shall be converted into a SEK amount based on the USD to SEK exchange rate published by Sweden’s central bank (Riksbanken) four business days prior to each record date (rounded off to the nearest whole SEK 0.01 per share) and the exchange rate used for the conversion is 9.3808.

Information about the approved dividend is available on www.lundin-petroleum.com.

1 The estimated total amount of the dividend as previously communicated has been reduced as a result of Lundin Petroleum completing the redemption of 16 percent of its shares in issue in August 2019.

 

The third quarterly instalment of the dividend for 2018 of USD 0.37 per share will amount to SEK 3.61 per share

The third quarterly instalment of the dividend for 2018 of USD 0.37 per share will amount to SEK 3.61 per share

26 September 2019

Lundin Petroleum AB (Lundin Petroleum) announces that the third quarterly instalment of the dividend for 2018 of USD 0.37 per share will amount to SEK 3.61 per share, with a total amount of SEK 1.03 billion, corresponding to approximately USD 105 million. 1 The expected payment date for the third quarterly instalment is 7 October 2019.

Information about the third quarterly instalment of the dividend:

Amount per share
(SEK)
Total dividend amount
(SEK)
Ex-dividend dateRecord dateExpected payment date
3.611.03 billion1 October 20192 October 20197 October 2019

In accordance with the updated dividend policy announced by Lundin Petroleum on 30 January 2019, the Annual General Meeting held on 29 March 2019 resolved on a dividend for 2018 of USD 1.48 per share, to be paid in quarterly instalments of USD 0.37 per share.

According to the dividend resolution, before payment, each quarterly dividend of USD 0.37 per share shall be converted into a SEK amount based on the USD to SEK exchange rate published by Sweden’s central bank (Riksbanken) four business days prior to each record date (rounded off to the nearest whole SEK 0.01 per share) and the exchange rate used for the conversion is 9.7563.

Information about the approved dividend is available on www.lundin-petroleum.com.

1 The estimated total amount of the dividend as previously communicated has been reduced as a result of Lundin Petroleum completing the redemption of 16 percent of its shares in issue in August 2019.

 

The third quarterly instalment of the dividend for 2018 of USD 0.37 per share will amount to SEK 3.61 per share

The second quarterly instalment of the dividend for 2018 of USD 0.37 per share will amount to SEK 3.43 per share

Downloads

The first quarterly instalment of the proposed dividend of USD 0.25 per share will amount to SEK 2.49 per share

The fourth quarterly instalment of the dividend for 2018

The third quarterly instalment of the dividend for 2018 of USD 0.37 per share will amount to SEK 3.61 per share

The second quarterly instalment of the dividend for 2018 of USD 0.37 per share will amount to SEK 3.43 per share

Board of Directors proposal for a dividend