Total SE: Share Capital Decrease by Way of Treasury Shares Cancellation
February 08 2021 - 3:02PM
Business Wire
Regulatory News:
On February 8, 2021, the Board of Directors, under the
conditions set forth at the Extraordinary Shareholders’ Meeting of
May 26, 2017, decided to decrease the share capital of TOTAL SE
(Paris:FP) (LSE:TTA) (NYSE:TOT) by way of cancellation of
23,284,409 treasury shares representing 0.88% of the share capital.
These shares were repurchased from October 31, 2019 to March 9,
2020 within the framework of the $5 billion share buyback program
over the 2018-2020 period decided by the Board of Directors on
February 7, 2018 and then suspended by the Company as announced to
the market on March 23, 2020.
After this cancellation of shares, the number of shares of TOTAL
SE is 2,629,839,616, and the number of voting rights that can be
exercised at the Shareholders’ Meeting is 2,784,247,543. The total
number of voting rights attached to these 2,629,839,616 shares
(referred to as ‘theoretical voting rights’) is 2,785,349,437,
including the voting rights attached to the 1,101,894 treasury
shares held by TOTAL SE, with a view to allocating them to share
performance plans, and with no voting rights.
This transaction has no impact on the consolidated financial
statements of TOTAL SE, the number of fully diluted
weighted-average shares and earnings per share.
About Total
Total is a broad energy company that produces and markets fuels,
natural gas and electricity. Our 100,000 employees are committed to
better energy that is safer, more affordable, cleaner and
accessible to as many people as possible. Active in more than 130
countries, our ambition is to become the responsible energy
major.
* * * * *
Cautionary Note
This press release, from which no legal consequences may be
drawn, is for information purposes only. The entities in which
TOTAL SE directly or indirectly owns investments are separate legal
entities. TOTAL SE has no liability for their acts or omissions. In
this document, the terms “Total”, “Total Group” and Group are
sometimes used for convenience. Likewise, the words “we”, “us” and
“our” may also be used to refer to subsidiaries in general or to
those who work for them.
This document may contain forward-looking information and
statements that are based on a number of economic data and
assumptions made in a given economic, competitive and regulatory
environment. They may prove to be inaccurate in the future and are
subject to a number of risk factors. Neither TOTAL SE nor any of
its subsidiaries assumes any obligation to update publicly any
forward-looking information or statement, objectives or trends
contained in this document whether as a result of new information,
future events or otherwise.
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