Total Declares Its First Interim Dividend
September 21 2017 - 2:49AM
Business Wire
Regulatory News:
The Board of Directors of Total (Paris:FP) (LSE:TTA) (NYSE:TOT)
met on September 20, 2017 and declared a 2017 first interim
dividend of €0.62 per share, in accordance with the Board’s
decision of April 26, 2017, unchanged compared to the proposed 2016
final dividend and representing an increase of 1.6% compared to the
2016 first interim dividend. The Board of Directors also decided to
offered, under the conditions set by the fourth resolution at the
Combined Shareholders’ Meeting of May 26, 2017, the option for
shareholders, including holders of its American Depositary Shares,
to receive the 2017 first interim dividend in cash or in new shares
of the Company.
The share price for the new shares to be issued as payment of
the 2017 first interim dividend is set by the Board of Directors at
€41.12. This price is equal to the average opening price on
Euronext Paris for the twenty trading days preceding the Board of
Directors on September 20, 2017, reduced by the amount of the
interim dividend, with a 5% discount, rounded up to the nearest
cent. Shares issued as payment of the 2017 first interim dividend
will carry immediate dividend rights. An application will be made
to admit the new shares for trading on the Euronext Paris
market.
The ex-dividend date for the 2017 first interim dividend is set
for September 25, 2017. Shareholders may select to receive the 2017
first interim dividend payment in new shares during the period from
September 25, 2017, to October 4, 2017, both dates inclusive, by
instructing their financial brokers.
For Total’s American Depositary Shares (ADS), the ex-dividend
date for the 2017 first interim dividend is set for September 21,
2017. ADS holders may select to receive the 2017 first interim
dividend payment in new shares during the period from September 25,
2017, to September 29, 2017, both dates inclusive, by instructing
their financial brokers.
Shareholders who do not select to receive the 2017 first interim
dividend payment in new shares within the specified timeframe will
receive the 2017 first interim dividend due to them in cash. The
date for the payment in cash is planned for October 12, 2017.
For shareholders who elect to receive the 2017 first interim
dividend in shares, the date for the delivery of the shares is
planned for October 12, 2017. For holders of Total’s American
Depositary Receipts, the delivery of the ADSs is planned for
October 19, 2017.
If the amount of the 2017 first 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 a major player in
low-carbon energies. 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
* * * * *
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 2017 first
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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