Total Declares Its First Quarter 2016 Interim Dividend of 0.61 Euro per Share, Available in Cash or in Discounted New Shares
September 21 2016 - 1:00PM
Business Wire
Regulatory News:
The Board of Directors of Total (Paris:FP) (LSE:TTA) (NYSE:TOT)
met on September 21, 2016 and declared a first quarter 2016 interim
dividend of €0.61 per share and offered, under the conditions set
by the fourth resolution at the Combined Shareholders’ Meeting of
May 24, 2016, the option for shareholders, including holders of its
American Depositary Shares, to receive the first quarter 2016
interim dividend in cash or in new shares of the Company.
The share price for the new shares which will be issued as
payment of the first quarter 2016 interim dividend is set by the
Board of Directors at €38.00. This price is equal to the average
opening price on the Euronext Paris for the twenty trading days
preceding September 21, 2016, reduced by the amount of the interim
dividend, with a 10% discount, rounded up to the nearest cent. This
price is the minimum price set by the fourth resolution at the
Combined Shareholders’ Meeting of May 24, 2016. Shares issued in
this way will carry immediate dividend rights and will accordingly
give the right to any distribution decided from the date they are
issued. An application will be made to admit the new shares for
trading on the Euronext Paris market.
The ex-dividend date for the first quarter 2016 interim dividend
is set for September 27, 2016. The period for exercising
the option will begin on September 27, 2016, and will end
on October 6, 2016, both dates inclusive. The option may
be exercised on request with authorized financial brokers.
For Total’s American Depositary Shares (ADS), the ex-dividend
date for the first quarter 2016 interim dividend is set for
September 22, 2016. The period for exercising the option
will begin on September 27, 2016, and will end on
October 3, 2016, both dates inclusive. The option may be
exercised on request with authorized financial brokers.
Shareholders who do not exercise this option within the
specified time period will receive the whole of the interim
dividend due to them in cash. The date for the payment in cash is
set for October 14, 2016.
For shareholders who elect to receive the first quarter 2016
interim dividend in shares, the date for the delivery of shares is
set for October 14, 2016. For Total’s American Depositary
Shares, the delivery of ADSs is set for
October 24, 2016.
If the amount of the first quarter 2016 interim dividend for
which the option is exercised does not correspond to a whole number
of shares, the shareholders may opt to receive either the number of
shares immediately above, having paid a cash adjustment on the day
they exercise their option, or the number of shares immediately
below, plus a balancing cash adjustment.
* * * * *
About Total
Total is a global integrated energy producer and provider, a
leading international oil and gas company, and the world’s
second-ranked solar energy operator with SunPower. Our 96,000
employees are committed to better energy that is safer, cleaner,
more efficient, more innovative and accessible to as many people as
possible. As a responsible corporate citizen, we focus on ensuring
that our operations in more than 130 countries worldwide
consistently deliver economic, social and environmental benefits.
total.com
Cautionary Note
This news release is provided for information purposes only and
does not constitute an offer to purchase securities. This news
release and any other document relating to payment of dividends in
shares may only be published outside of France in conformity with
applicable local laws and regulations and shall not constitute an
offer for securities in jurisdictions where such an offer would
violate applicable local law. The option to receive the first
quarter 2016 interim dividend in shares is not open to shareholders
residing in any jurisdiction where such option would give rise to a
registration requirement or require the granting of any
authorization from local securities regulators; shareholders
residing outside of France are required to inform themselves of any
restrictions which may apply under their local law and comply with
such restrictions. Shareholders must inform themselves of the
conditions and consequences of the exercise of such option, which
may be applicable under local law. In making their decision to
receive the dividend in shares, shareholders must consider the
risks associated with an investment in shares.
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version on businesswire.com: http://www.businesswire.com/news/home/20160921006323/en/
TOTAL S.A.Mike SANGSTERNicolas FUMEXKim HOUSEGORomain
RICHEMONTTel. : + 44 (0)207 719 7962Fax : + 44 (0)207 719
7959orRobert HAMMOND (U.S.)Tel. : +1 713-483-5070Fax : +1
713-483-5629
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