Total: Ordinary and Extraordinary Meeting of May 26, 2017
May 26 2017 - 8:09AM
Business Wire
2016 Dividend of €2.45 per share
Regulatory News:
Total (Paris:FP) (LSE:TTA) (NYSE:TOT):
The Annual Shareholders’ Meeting, held on May 26, 2017 under the
chairmanship of Patrick Pouyanné, declared a dividend for 2016 of
€2.45 per share, an increase of 0.4% compared to the 2015 dividend.
Taking into account the three interim dividends of €0.61 per share
paid on October 14, 2016, January 12, 2017, and April 6, 2017, the
Shareholders’ Meeting noted that the final 2016 dividend to be paid
is €0.62 per share. The 2016 final dividend therefore represents an
increase of 1.6% compared to the 2015 final dividend.
In addition, the Annual Shareholders’ Meeting decided that
shareholders will be given the option to receive payment of the
2016 final dividend in cash or in new shares of the Company, each
choice being exclusive of the other.
The share price of new shares to be issued as payment of the
final dividend is set at €44.86. This price is equal to the average
opening price on the Euronext Paris for the 20 trading days
preceding the Annual Shareholders’ Meeting, reduced by the amount
of the final dividend, with a 5% discount, rounded up to the
nearest cent. Shares issued as payment of the final dividend will
carry immediate dividend rights, and an application will be made to
admit the shares for trading on the Euronext Paris.
The ex-dividend date for the final dividend is set for
June 5, 2017. Shareholders may select to receive the
final dividend payment in new shares during the period from
June 5, 2017, to June 14, 2017, both dates
inclusive, by instructing their financial brokers.
For Total’s American Depositary Shares (ADS), the ex-dividend
date for the final dividend is set for May 31, 2017. ADS
holders may select to receive the final dividend payment in new
shares during the period from June 5, 2017, to
June 9, 2017, both dates inclusive, by instructing their
financial brokers.
Shareholders who do not select to receive the final dividend
payment in new shares within the specified timeframe will receive
the final dividend due to them in cash. The date for the payment in
cash is planned for June 22, 2017.
For shareholders who elect to receive the final dividend in
shares, the date for the delivery of the shares is planned for
June 22, 2017. For holders of Total’s American Depositary
Receipts, the delivery of the ADSs is planned for June
29, 2017.
If the amount of the final 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
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
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 2016 final
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.
TOTAL S.A.Capital : 6 207 262 032,50 €542 051 180
R.C.S. Nanterre
total.com
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version on businesswire.com: http://www.businesswire.com/news/home/20170526005266/en/
TotalMike 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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