Capital Increase Reserved for Employees of the Total Group in 2021
May 26 2021 - 2:48AM
Dow Jones News
Regulatory News:
In accordance with its policy in favour of employee
shareholding, the Board of Directors of Total SE (Paris:FP)
(LSE:TTA) (NYSE:TOT) decided, on September 16, 2020, to carry out a
capital increase reserved for eligible employees and former
employees of Total SE and its French and foreign subsidiaries in
which the Company holds directly or indirectly more than 50% (in
terms of capital or voting rights), that are members of the PEG-A
Group savings plan, in France and abroad, under the conditions set
by the twentieth resolution at the Shareholders' Meeting of May 29,
2020.
On April 28, 2021, the Chairman and CEO set (i) the subscription
period from April 30 to May 17, 2021 (included) and (ii) the
subscription price at 30.50 euros per share, corresponding to the
average of the closing prices of the TOTAL share on Euronext Paris
over the twenty trading sessions preceding the date of this
decision, reduced by a 20% discount and rounded off to the highest
tenth of a euro.
At the end of this period, 46,537 employees in 102 countries,
representing 40.3% of the eligible employees and former employees,
subscribed to this capital increase for an amount of 316.5 million
euros. These results are on the rise compared to 2020 both in terms
of participation rate and number of subscriptions.
"This year again, Total's employees have confirmed their
attachment to the Group by subscribing massively to the capital
increase reserved for them. As Chairman and CEO, I am proud of it
and that comforts my conviction that the employees fully support
the transition of Total towards a broad energy company, which will
know how to tackle the challenges it faces," declared Patrick
Pouyanné, Chairman and CEO of Total.
As a result, 10,589,713 new shares will be issued on June 9,
2021. They will carry immediate dividend rights and will be fully
assimilated with TOTAL shares already listed on Euronext.
Following this issuance, the employee shareholders in Total SE's
share capital, within the meaning of Article L. 225-102 of the
French Commercial Code, will represent 7.09% of the Company's share
capital as of June 9, 2021.
About Total
Total is a broad energy company that produces and markets fuels,
natural gas and electricity. Our 100,000 employees are committed to
better energy that is more affordable, more reliable, 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 SE directly or indirectly owns investments are separate legal
entities. TOTAL SE 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
SE 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.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20210525006069/en/
CONTACT: Total Contacts
Media Relations: +33 1 47 44 46 99 l presse@total.com l
@TotalPress
Investor Relations: +44 (0)207 719 7962 l ir@total.com
SOURCE: TOTAL
Copyright Business Wire 2021
(END) Dow Jones Newswires
May 26, 2021 02:48 ET (06:48 GMT)
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