Norwegian oil and gas group Statoil (STO:STLO) expects to adopt the name Equinor ASA on May 16.
"The name Equinor is formed by combining "equi", the starting point for words like equal, equality and equilibrium, and "nor", signalling a company proud of its Norwegian origin", chief executive Eldar Saetre said when the change was announced in March. The company said Monday it expects the name change to take effect Wednesday, and the ticker symbol STL will leave the Oslo exchange at the end of the trading day May 15.
As a outcome of the name change, Statoil will change its stock exchange ticker to EQNR with an effect from the start of trading on May 16, 2018. The Norwegian government, which holds a majority stake in the group, has pledged to support the change.
Subject to the AGM's approval of the name change and subsequent implementation, the new ticker "EQNR" is also expected to be implemented for the Company's American Deposit Rights (ADRs) traded on the New York Stock Exchange (NYSE).
Norway's goverment - which owns two thirds of Statoil - and other shareholders ratified the change on Tuesday evening, according to local media.
Statoil's involvement in renewable energy now includes hydropower, onshore wind and solar developments.
Reds set to be involved in new Club World Cup format
The current FIFA Club World Cup is the only trophy in Liverpool's history they haven't won; losing in the final in 2005. It is said that UEFA and the Premier League are "furious" at the idea with a $1b pot shared among the clubs.
Google rolls back Chrome update breaking web games
The autoplay-video blocker is created to fix one of the greatest problems of the Internet: autoplaying videos on websites. As such, version 66.0.3359.181 of Chrome for Mac, Windows, and Linux today removes the autoplay policy for this API.
Celebrities Who Suffer With Chronic Diseases
Now if that isn’t the epitome of what a BFF is, I don’t know what is! Selena continues to be on chronic medication. There is also a huge list of celebrities past like famous painter vincent Van Gogh who suffered with this disease.