News
Paris – The Board of Directors of Total declared today a first quarter 2015 interim dividend of €0.61 per share and offered, under the conditions set by the fourth resolution at the Ordinary General Meeting of May 29, 2015, the option for shareholders to receive the first quarter 2015 interim dividend in cash or in new shares of the Company.
The share price for the new shares which will be issued as payment of the first quarter 2015 interim dividend is set by the Board of Directors at €35.63. This price is equal to the average opening price on the Euronext Paris for the twenty trading days preceding September 22, 2015, reduced by the amount of the interim dividend, with a 10% discount, rounded up to the nearest cent. This price is the minimum price set by the fourth resolution at the Ordinary General Meeting of May 29, 2015. 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 first quarter 2015 interim dividend is set for September 28, 2015. The period for exercising the option will begin on September 28, 2015, and will end on October 12, 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 interim dividend due to them in cash. The date for the payment in cash is set for October 21, 2015.
For shareholders who elect to receive the first quarter 2015 interim dividend in shares, the date for the delivery of shares is set for October 21, 2015. If the amount of the first quarter 2015 interim 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.