The second quarterly instalment of the dividend for 2018 of USD 0.37 per share will amount to SEK 3.43 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
27 June 2019
Lundin Petroleum AB (Lundin Petroleum) announces that the second quarterly instalment of the dividend for 2018 of USD 0.37 per share will amount to SEK 3.43 per share, with a total amount of SEK 1.16 billion, corresponding to approximately USD 125 million. The expected payment date for the second quarterly instalment is 8 July 2019.
| Information about the second quarterly instalment of the dividend: | ||||
| Amount per share (SEK) | Total dividend amount (SEK) | Ex-dividend date | Record date | Expected payment date |
| 3.43 | 1.16 billion | 2 July 2019 | 3 July 2019 | 8 July 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, corresponding to USD 500 million (rounded off), to be paid in quarterly instalments of USD 0.37 per share, corresponding to USD 125 million (rounded off).
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 9.272.
Information about the approved dividend is available on www.lundin-petroleum.com.
