Total: Results of the Option to Receive the Final 2016 Dividend in Shares
June 20 2017 - 1:56PM
Business Wire
Regulatory News:
Total (Paris:FP) (LSE:TTA) (NYSE:TOT)
The Annual Shareholders’ Meeting held on May 26, 2017 approved
the payment of an annual dividend for 2016 of €2.45 per share and
offered the shareholders the choice to receive the final 2016
dividend of €0.62 per share in cash or in new shares of the
Company.
The period for exercising the option ran from
June 5, 2017 to June 14, 2017. At the end of
the option period, 52% of rights were exercised in favor of
receiving the payment for the final 2016 dividend in shares.
17,801,936 new shares will be issued, representing 0.7% of the
Company’s share capital on the basis of the share capital of May
31, 2017. The share price for the new shares to be issued as
payment of the final 2016 dividend was set at €44.86 on May 26,
2017. The price is equal to the average opening price on
Euronext Paris for the twenty trading days preceding May 26, 2017,
the date of the Annual Shareholders’ Meeting, reduced by the amount
of the final dividend, with a 5% discount.
The settlement and delivery of the new shares as well as their
admission to trading on Euronext Paris will occur on
June 22, 2017. The shares will carry immediate dividend
rights and will be fully assimilated with existing shares already
listed.
The remaining cash dividend to be paid to shareholders who did
not elect to receive the final 2016 dividend in shares amounts to
731 million euros and the date for the payment in cash is set for
June 22, 2017.
* * * *
About Total
Total is a global integrated energy producer and provider, a
leading international oil and gas company, and a major player in
solar energy with SunPower and Total Solar. Our
98,000 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
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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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