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|
|Total dividend amount|
|Ex-dividend date||Record date||Expected payment date|
|3.47||986 million||2 January 2020||3 January 2020||9 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.