Total Share capital decrease by way of treasury shares cancellation
On December 11, 2019, the Board of Directors decided, under the conditions set forth at the Extraordinary Shareholders’ Meeting of May 26, 2017, to decrease the share capital by way of cancellation of 65,109,435 treasury shares repurchased from October 29, 2018 to September 30, 2019 as part of the shareholder return strategy announced on February 8, 2018, representing 2.50% of the share capital.
These 65,109,435 treasury shares include:
34,860,133 shares newly issued, with no discount, as part of the scrip dividend paid for the first, second and third interim dividends for the 2018 fiscal year ; and
30,249,302 shares repurchased within the framework of the $5 billion share buyback program over the 2018-2020 period.
This transaction has no impact on the consolidated financial statements of TOTAL S.A., the number of fully-diluted weighted-average shares and earnings per share.
Source / Further information : Total
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