Total S.A. Total: Results of the Option to Receive the 2018 First Interim Dividend in Shares
11 October 2018 - 4:20AM
UK Regulatory
TIDMTTA
The Board of Directors of Total S.A. (Paris:FP) (LSE:TTA)
(NYSE:TOT) met on September 19, 2018, and declared a 2018 first
interim dividend of EUR0.64 per share and offered, under the
conditions set by the fourth resolution at the Combined
Shareholders' Meeting of June 1st, 2018, the option for
shareholders to receive the 2018 first interim dividend in cash or
in new shares of the Company.
The period for exercising the option ran from September 25 to
October 4, 2018. At the end of the option period, 59% of rights
were exercised in favour of receiving the payment for the 2018
first interim dividend in shares.
18 783 197 new shares will be issued, representing 0.70% of the
Company's share capital on the basis of the share capital as of
September 30, 2018. The share price for the new shares to be issued
as payment of the 2018 first interim dividend was set at EUR52.95
on September 19, 2018. The price is equal to the average opening
price on Euronext Paris for the twenty trading days preceding the
Board of Directors of September 19, 2018, reduced by the amount of
the 2018 first interim dividend, without any discount.
The settlement and delivery of the new shares as well as their
admission to trading on Euronext Paris will occur on October 12,
2018. The shares will carry immediate dividend rights and will be
fully assimilated with existing shares already listed.
In line with the shareholder return policy announced on February
8, 2018, in order to avoid any dilution linked to the issuance of
new shares, the Group will buy back during the quarter the newly
issued shares with the intention to cancel them.
The remaining cash dividend to be paid to shareholders who did
not elect to receive the 2018 first interim dividend in shares
amounts to 681 million euros and the date for the payment in cash
is set for October 12, 2018.
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 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" and "Total Group"
are sometimes used for convenience where general references are
made to TOTAL S.A. and/or its subsidiaries. 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.
Total contactsMedia Relations:+33 1 47 44 46
99presse@total.com@TotalPressorInvestors Relations:+44 (0)207 719
7962ir@total.com
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(END) Dow Jones Newswires
October 10, 2018 13:20 ET (17:20 GMT)
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