Total Announces the Payment Terms of the Final 2019 Dividend Following the Shareholders' Meeting of May 29, 2020
May 29 2020 - 6:55AM
Dow Jones News
Regulatory News:
The Shareholders' Meeting of TOTAL S.A. (Paris:FP) (LSE:TTA)
(NYSE:TOT), held today at its registered office under the
chairmanship of Mr Patrick Pouyanné, declared a dividend of EUR2.68
per share for the financial year 2019. Given the first two interim
dividends of EUR0.66 per share and the third interim dividend of
EUR0.68 per share paid respectively on October 1(st) , 2019,
January 8, 2020 and on April 1(st) , 2020, the remaining final 2019
dividend to be paid amounts to EUR0.68 per share.
The Shareholders' Meeting also decided that shareholders will be
given the option to receive payment of this 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 EUR28.80. This price is equal to 90% of
the average opening prices of the shares for the twenty trading
days preceding the Shareholders' Meeting, reduced by the amount of
the final dividend and rounded up to the nearest cent. The shares
issued will carry immediate dividend rights, be admitted for
trading on Euronext Paris and be fully assimilated with existing
TOTAL shares.
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, by paying a cash adjustment on the day they
exercise their option, or the number of shares immediately below,
plus a balancing cash adjustment.
Shareholders and holders of American Depositary Shares ("ADS")
will be given the option to receive the dividend either in cash or
in new shares, by instructing their financial advisors, according
to the following timetable:
In 2020 Shareholders ADS holders
Ex-dividend date June 29 June 25
Period to opt in for the payment in July 1 to July 10 June 29 to July 7
new shares (inclusive) (inclusive)
Payment in cash or in new shares July 16 July 23
About Total
Total 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.
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CONTACT: Total contacts
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
May 29, 2020 07:40 ET (11:40 GMT)