Total to Issue New Shares as Part of Interim Dividend Payment
10 Outubro 2017 - 2:08PM
Dow Jones News
By Max Bernhard
Total SA (FP.FR) will issue new shares, representing 1% of its
share capital, to be paid as an interim dividend, the company said
Tuesday.
The French energy provider said it will issue 25.6 million
shares with a price of 41.12 euros ($48.27), after 69% of
shareholders had chosen to receive payment for the 2017 first
interim dividend in shares. In September, Total had offered a first
interim dividend of EUR0.62 per share with the option for
shareholders to receive payment in cash or in new shares.
New shares will be delivered and admitted to trading on Euronext
Paris October 12, the company said. The shares will carry immediate
dividend rights and will be fully assimilated with already listed
existing shares.
The same day a remaining cash dividend of EUR487 million will be
paid to shareholders who did not elect to receive their dividend in
shares.
Write to Max Bernhard at Max.Bernhard@dowjones.com;
@mxbernhard
(END) Dow Jones Newswires
October 10, 2017 12:53 ET (16:53 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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