Press

Total: Results of the Option to Receive the 2018 First Interim Dividend in Shares


Paris - The Board of Directors of Total S.A. met on September 19, 2018, and declared a 2018 first interim dividend of €0.64 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 €52.95 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.


Visit source site

https://total.com/en/media/news/press-releases/res...

TotalDividendShares

More items from oilvoice


The Carlyle Group Acquires EnerMech From Lime Rock Partners

Acquisition will support continued global growth of energy and infrastructure services company EnerMech Group Ltd has been acquired from Lime Rock Partners by global alternative asset manager and NASDAQ listed The Carlyle Group for an undisclosed sum. The transaction is expected to close in Q4 ...

OilVoice Press - OilVoice


Posted 5 hours agoPress > Carlyle GroupAcquisitionEnerMech +4

U.S. Nuclear Plant Outages Increased in September After Remaining Low During Summer

Source: U.S. Energy Information Administration, based on U.S. Nuclear Regulatory Commission data Electric generation capacity losses as a result of U.S. nuclear plant outages were relatively low during much of the 2018 summer, averaging 2.8 gigawatts (GW) from June through August. This year's ...

OilVoice Press - OilVoice


Posted 6 hours agoOpinion > United StatesUSANuclear +4

OMV and Schlumberger Sign Memorandum of Understanding

OMV, the international, integrated oil and gas company based in Vienna, and Schlumberger, a leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry, signed a Memorandum of Understanding. The parties agreed to evaluate coll ...

OilVoice Press - OilVoice


Posted 6 hours agoPress > MOUOMVSchlumberger +1

Equinor Focuses NCS Portfolio Through Sale of Non-Core Discovery

Equinor has signed an agreement with Aker BP to sell its 77.8% operated interest in the King Lear discovery on the Norwegian Continental Shelf (NCS) for a total of USD 250 million. “This transaction is a further example of our strategy of capturing value from active portfolio management thro ...

OilVoice Press - OilVoice


Posted 8 hours agoPress > DiscoveryEquinor EnergyEquinor +6

Russia: Total Opens its New State-Of-The-Art Lubricants Oil Blending and Production Plant

Moscow, October 15, 2018 - Total has inaugurated its new state-of-the-art lubricants oil blending plant, strategically located in the Kaluga region of the Russian Federation. The grand opening ceremony took place today, October 15 th , in the presence of Anatoly Artamonov, Governor of the Kaluga ...

OilVoice Press - OilVoice


Posted 8 hours agoPress > RussiaTotalLubricant +3
All posts from oilvoice