Total S.A. Total announces the distribution of its third 2017 interim dividend and indicative interim ex-dividend dates for 2...
15 March 2018 - 5:03AM
UK Regulatory
TIDMTTA
The Board of Directors of Total (Paris:FP) (LSE:TTA) (NYSE:TOT)
met on March 14, 2018 and declared a 2017 third interim dividend of
EUR0.62 per share, in accordance with the Board's decision of
October 26, 2017. This is unchanged compared to the 2017 first and
second interim dividends and represents an increase of 1.6%
compared to the 2016 third interim dividend. The Board of Directors
also decided to offer, 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 (ADS), to receive the 2017 third 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 third interim dividend is set by the Board of Directors at
EUR45.70. This price is equal to the average opening price on
Euronext Paris for the twenty trading days preceding the Board of
Directors on March 14, 2018, reduced by the amount of the interim
dividend, without any discount, rounded up to the nearest cent.
Shares issued as payment of the 2017 third 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 third interim dividend is set
for March 19, 2018. Shareholders may select to receive the 2017
third interim dividend payment in new shares during the period from
March 19, 2018, to March 28, 2018, both dates inclusive, by
instructing their financial advisors.
For Total's ADS, the ex-dividend date for the 2017 third interim
dividend is set for March 15, 2018. ADS holders may select to
receive the 2017 third interim dividend payment in new shares
during the period from March 19, 2018, to March 23, 2018, both
dates inclusive, by instructing their financial brokers.
Shareholders who do not select to receive the 2017 third interim
dividend payment in new shares within the specified timeframe will
receive the 2017 third interim dividend due to them in cash. The
date for the payment in cash is planned for April 9, 2018.
For shareholders who elect to receive the 2017 third interim
dividend in shares, the date for the delivery of the shares is
planned for April 9, 2018. For holders of Total's American
Depositary Shares, the delivery of the ADSs is planned for April
16, 2018.
If the amount of the 2017 third 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.
Indicative interim ex-dividend dates for 2019 dividend
Subject to decisions by the Board of Directors and shareholders
at the 2020 Annual Meeting to approve the 2019 financial statements
and the final dividend, the ex-dividend dates of the interim
dividends and the final dividend for 2019 will be:
-- September 27, 2019,
-- January 6, 2020,
-- March 30, 2020,
-- June 29, 2020.
The above ex-dividend dates relate to Total shares traded on the
Euronext Paris.
This press release contains inside information as per the
definition of Article 7 of regulation (UE) 596/2014.
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 third
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.
Total contacts Media Relations: +33 1 47 44 46 99
presse@total.com @TotalPress or Investors Relations: +44 (0)207 719
7962 ir@total.com
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(END) Dow Jones Newswires
March 14, 2018 14:03 ET (18:03 GMT)
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