Total: Results of the Option to Receive the Final 2019 Dividend in Shares
July 14 2020 - 2:51AM
Dow Jones News
Regulatory News:
The Shareholders' Meeting of the Company, held on May 29, 2020,
offered the option for shareholders to receive the final 2019
dividend of 0.68 euro per share in cash or in new shares of the
Company.
The share price for the new shares to be issued in payment of
the final 2019 dividend was set on May 29, 2020 at 28.80 euros.
This price is equal to 90% of the average opening prices of the
shares on Euronext Paris for the twenty trading days preceding the
Shareholders' Meeting, reduced by the net amount of the final
dividend, and rounded up to the nearest euro cent.
The period to exercise the option ran from July 1(st) to July
10, 2020 included. At the end of the option period, 62% of rights
were exercised in favour of receiving the payment for the final
2019 dividend in shares. As a result, 38,063,688 new shares will be
issued, representing 1.46% of the Company's share capital based on
the share capital as of June 30, 2020.
The settlement and delivery of the new shares as well as their
admission to trading on Euronext Paris will occur on July 16, 2020.
The new shares will carry immediate dividend rights and be fully
assimilated with existing TOTAL shares.
The cash dividend to be paid to the shareholders who did not
elect to receive final 2019 dividend in shares amounts to 663
million euros and the date for the payment in cash is set from July
16, 2020.
About Total
Total (Paris:FP) (LSE:TTA) (NYSE:TOT) is a broad energy Group,
which produces and markets fuels, natural gas and low-carbon
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 S.A. directly or indirectly owns investments are separate
legal entities. TOTAL S.A. 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 S.A. 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.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20200713005732/en/
CONTACT:
Total
Media Relations: +33 1 47 44 46 99 l presse@total.com l
@TotalPress
Investors Relations: +44 (0)207 719 7962 l ir@total.com
SOURCE: TOTAL
Copyright Business Wire 2020
(END) Dow Jones Newswires
July 14, 2020 02:36 ET (06:36 GMT)
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