Saving plans & Employee Shareholding: change of account holder as of January 2012
To improve and modernize the account holding of employee savings plans, Total has decided, after a public bid process, to assign, as of January 2012, account keeping responsibilities for the Group Employee Shareholding Plan to CREELIA instead of AXA Epargne Entreprise.
- Until December 30, 2011 AXA remains in charge of all operations
- All transactions and requests will be suspended from noon, Paris time on December 30, 2011 to January 15, 2012 included to allow AXA and CREELIA to carry out the transfer of the 90,000 Total employees, retirees, and former employees accounts under optimal security conditions
- Requests received after noon (Paris time) on December 30, 2011 will be processed only after this suspension period
- From January 16, 2012 CREELIA becomes the sole contact for all transactions concerning assets held in the Group Employee Shareholding plan
This change will have no impact on the number of units held in the TOTAL Actionnariat International Capitalisation fund, or on the holding period of assets.
To be noted:
All conditional redemption requests (involving floor price on TOTAL shares) not yet executed at December 30, 2011 will be cancelled. These orders must, as applicable, be renewed from January 16, 2012.
You will receive a new information letter.
December 30 at noon (Paris time) to Januray 15, included:
Suspension of transactions.
You will receive your annual AXA account statement as of December 31, 2011.
You may once again execute transactions via your Company Correspondent.
End-January / Beginning of February:
You will receive a CREELIA account statement summarizing the status of your assets as of the transfer date.
DATES TO REMEMBER
Updated Dec. 14, 11