Total announces the distribution of its first 2018 interim dividend
19 Septiembre 2018 - 11:30AM
Business Wire
Regulatory News:
Total (Paris:FP) (LSE:TTA) (NYSE:TOT):
The Board of Directors met on September 19, 2018 and declared a
first interim dividend for the 2018 fiscal year of €0.64 per share,
in accordance with the Board’s decision of April 25, 2018, an
increase of 3.2% compared to the three interim dividends and the
final dividend paid for the 2017 fiscal year. The Board of
Directors also decided to offer, under the conditions of the fourth
resolution of the Combined Shareholders’ Meeting of June 1, 2018,
the option for shareholders, including holders of its American
Depositary Shares listed on the New York Stock Exchange (ADS), to
receive this first interim dividend either in cash or in new shares
of the Company.
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 share price for the new shares to be issued as payment of
the first 2018 interim dividend is set by the Board of Directors at
€52.95. This price is equal to the average Euronext Paris opening
prices of the shares for the twenty trading days preceding the
meeting of the Board of Directors on September 19, 2018, reduced by
the net amount of the interim dividend, without any discount,
rounded up to the nearest cent. Shares issued accordingly will
carry immediate dividend rights and an application to trading on
Euronext Paris will be made.
Shareholders and holders of ADS will receive this first interim
dividend, and will have the option to receive a payment either in
cash or in new shares by instructing their financial advisors, as
per the following timetable:
Shareholders
ADS
holders
Ex-dividend date September 25, 2018
September 21, 2018
Period to opt in for the payment in new shares
September 25 toOctober 4, 2018
(inclusive)
September 25 toOctober 1, 2018
(inclusive)
Payment in cash (opt out) October 12, 2018 October 19, 2018
Delivery of the new shares issued in lieu of cash (opt in) October
12, 2018 October 19, 2018
If the amount of the first interim dividend for the 2018 fiscal
year 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.
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 first
interim dividend for the 2018 fiscal year 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.
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