Total Issues 7 Million New Shares as Shareholders Exercise Rights
January 10 2018 - 12:48AM
Dow Jones News
By Alberto Delclaux
France's Total SA (FP.FR) said late Tuesday that shareholders
exercised 21% of their rights to receive their dividend payment in
shares, leading the company to issue 7 million new shares.
The figure represents 0.28% of the company's total share capital
at year's end, Total said.
It will pay out the remaining dividend--totaling 1.2 billion
euros ($ 1.47 billion)--in cash on Jan. 11, when it issues the new
shares.
Total had given shareholders the option to receive the second
interim dividend in shares or in cash after a board meeting on Dec.
12.
Write to Alberto Delclaux at alberto.delclaux@dowjones.com
(END) Dow Jones Newswires
January 10, 2018 01:33 ET (06:33 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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