Total: Ordinary General Meeting of May 29, 2015
Total: Ordinary General Meeting of May 29, 2015
Total
2014 Dividend of €2.44 per share
Total (Paris:FP) (LSE:TTA) (NYSE:TOT):
The Ordinary General Meeting, held on May 29, 2015 under the chairmanship of Thierry Desmarest, declared a dividend for 2014 of €2.44 per share. Taking into account the three interim dividends of €0.61 per share paid on September 26, 2014, December 17, 2014, and March 25, 2015 respectively, the final dividend for 2014 to be paid is equal to €0.61 per share. In addition, the Ordinary General Meeting decided that each shareholder will have the option between payment of this final dividend in cash or in new shares of the Company, each choice being exclusive of the other.
The share price for the new shares which will be issued as payment of the final dividend is set at €42.02. This price is equal to the average opening price on the Euronext Paris for the 20 trading days preceding the Ordinary General Meeting, reduced by the amount of the final dividend, with a 10% discount, rounded up to the nearest cent. Shares issued in this way will carry immediate dividend rights and will accordingly give the right to any distribution decided from the date they are issued. An application will be made to admit the new shares for trading on the Euronext Paris market.
The ex-dividend date for the final dividend for 2014 is set for June 8, 2015. The period for exercising the option will begin on June 8, 2015 and will end on June 22, 2015, both dates inclusive. The option may be exercised on request with authorized financial brokers.
Any shareholder who does not exercise this option within the specified time period will receive the whole of the final dividend due to them in cash. The date for the payment in cash is set for July 1, 2015.
For shareholders who elect to receive the final dividend in shares, the date for the delivery of shares is set for July 1, 2015. If the amount of the final dividend for which the option of payment in shares is exercised does not correspond to a whole number of shares, the shareholder will receive the number of shares immediately below, plus a balancing cash adjustment.
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About Total
Total is a global integrated energy producer and provider, a leading international oil and gas company, and the world’s second-ranked solar energy operator with SunPower. Our 100,000 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 final dividend for the fiscal year 2014 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.
Total
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Nicolas FUMEX
Patrick
GUENKEL
Magali PAILHE
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Fax : +
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or
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Fax : +1 713-483-5629
View source version on businesswire.com: http://www.businesswire.com/news/home/20150529005437/en/
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