Equinor asa | Approval of 2022 annual report and accounts at Equinor ASA

Status
Voted
AGM date
Previous AGM date
Proposal number
6
Resolution details
Submitted by
-
ESG theme
  • Environment
  • Governance
ESG sub-theme
  • Climate change
  • Net Zero / Paris aligned
Type of vote
Accounts/reports, auditor appointment or ratification
Filer type
Management
Company sector
Energy
Company HQ country
Norway
Supporting materials
  • Sarasin & Partners LLP_Memo_Equinor ASA_2023.pdf Download
Resolved clause
Proposed resolution:
“The annual accounts and the annual report for 2022 for Equinor ASA and the Equinor group are approved. A fourth quarter 2022 ordinary dividend of USD 0.30 per share and an extraordinary dividend of USD 0.60 per share are approved to be distributed"
Whereas clause
Approval of the annual report and accounts for Equinor ASA and the Equinor group for 2022, including the board of directors’ proposal for distribution of fourth quarter 2022 dividend.
The board of directors proposes a fourth quarter 2022 ordinary dividend of US dollar (”USD”) 0.30 per share and an extraordinary dividend of USD 0.60 per share. The fourth quarter 2022 dividend accrues to the shareholders as registered in Equinor’s shareholder register with the Norwegian Central Securities Depository (VPS) as of expiry of 12 May 2023. Subject to ordinary settlement in VPS, this implies that the right to dividends accrues to shareholders as of 10 May 2023. The shares will be traded ex-dividend on the Oslo Stock Exchange (Oslo Børs) from and including 11 May 2023. For US ADR (American Depository Receipts) holders, dividend accrues to the ADR-holders as of 10 May 2023, and the ex-dividend date will be from and including 11 May 2023. Shareholders whose shares trade on the Oslo Stock Exchange will receive their dividend in Norwegian kroner (”NOK”).The NOK dividend will be communicated on 22 May 2023. The expected payment date for the dividend is 25 May 2023.
Supporting statement
Sarasin & Partners has expressed their intention to vote AGAINST this proposal at Equinor ASA's upcoming 2023 AGM.

Declaration of vote intentions by Sarasin & Partners is outlined here: https://sarasinandpartners.com/stewardship-post/equinors-2023-agm-how-we-are-voting-for-net-zero/

Full memo is attached.

How other organisations have declared their voting intentions

Organisation name Declared voting intentions Rationale
CoreCommodity Management, LLC For

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