Total declares its first interim dividend

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The FINANCIAL — The Board of Directors of Total met on September 20, 2017 and declared a 2017 first interim dividend of €0.62 per share, in accordance with the Board’s decision of April 26, 2017, unchanged compared to the proposed 2016 final dividend and representing an increase of 1.6% compared to the 2016 first interim dividend.

The Board of Directors also decided to offered, under the conditions set by the fourth resolution at the Combined Shareholders’ Meeting of May 26, 2017, the option for shareholders, including holders of its American Depositary Shares, to receive the 2017 first interim dividend in cash or in new shares of the Company.

The share price for the new shares to be issued as payment of the 2017 first interim dividend is set by the Board of Directors at €41.12. This price is equal to the average opening price on Euronext Paris for the twenty trading days preceding the Board of Directors on September 20, 2017, reduced by the amount of the interim dividend, with a 5% discount, rounded up to the nearest cent. Shares issued as payment of the 2017 first interim dividend will carry immediate dividend rights. An application will be made to admit the new shares for trading on the Euronext Paris market, according to Total.

The ex-dividend date for the 2017 first interim dividend is set for September 25, 2017. Shareholders may select to receive the 2017 first interim dividend payment in new shares during the period from September 25, 2017, to October 4, 2017, both dates inclusive, by instructing their financial brokers.

For Total’s American Depositary Shares (ADS), the ex-dividend date for the 2017 first interim dividend is set for September 21, 2017. ADS holders may select to receive the 2017 first interim dividend payment in new shares during the period from September 25, 2017, to September 29, 2017, both dates inclusive, by instructing their financial brokers.

Shareholders who do not select to receive the 2017 first interim dividend payment in new shares within the specified timeframe will receive the 2017 first interim dividend due to them in cash. The date for the payment in cash is planned for October 12, 2017.

For shareholders who elect to receive the 2017 first interim dividend in shares, the date for the delivery of the shares is planned for October 12, 2017. For holders of Total’s American Depositary Receipts, the delivery of the ADSs is planned for October 19, 2017.

If the amount of the 2017 first interim dividend for which the option is exercised does not correspond to a whole number of shares, the shareholders may opt to receive either the number of shares immediately above, having paid a cash adjustment on the day they exercise their option, or the number of shares immediately below, plus a balancing cash adjustment.

 

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