Results of the 2020 Capital Increase Reserved for Employees of the Total Group
May 27 2020 - 10:28AM
Dow Jones News
Regulatory News:
In accordance with its policy in favour of employee
shareholding, the Board of Directors of TOTAL S.A. (Paris:FP)
(LSE:TTA) (NYSE:TOT) decided, on September 18, 2019, to carry out a
capital increase reserved for eligible employees and former
employees of the Group worldwide under the conditions set by the
eighteenth resolution at the Shareholders' Meeting of June 1,
2018.
On April 29, 2020, the Chairman and CEO decided to set (i) the
subscription period from May 6 to May 18, 2020 (included) and (ii)
the subscription price at 26.20 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, 45,547 employees in 97 countries,
representing 39.97% of the eligible Group employees and former
employees, subscribed to this capital increase for an amount of
339.4 million euros. These results are on the rise compared to
2019, both in terms of participation rate and number of shares
subscribed despite the uncertain economic environment.
<< This year again and in spite of the health and economic
crisis, Total's employees have confirmed their attachment to the
Group, first by supporting in a vast majority maintaining the
operation of Capital increase reserved for employees, then by
subscribing massively to it. As Chairman and CEO, I am extremely
proud and that comforts my conviction that the Group will know how
to handle the crisis it faces >>, declared Patrick Pouyanné,
Chairman and CEO of Total
As a consequence, 13,160,383 new shares, representing 0.51% of
TOTAL S.A.'s share capital as of April 30, 2020, will be issued on
June 11, 2020, will carry immediate dividend rights and will be
fully assimilated with TOTAL shares already listed on Euronext
Paris.
Following this issuance, the employee shareholders in TOTAL
S.A.'s share capital, within the meaning of Article L. 225-102 of
the French Commercial Code, will represent 5.85% of TOTAL S.A.'s
share capital as of April 30, 2020.
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
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 27, 2020 10:13 ET (14:13 GMT)
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