Paris, February 19, 2021 – In accordance with its policy in favor of Employee Shareholding, TOTAL SE (the “Company”) is implementing its annual capital increase reserved for employees and former employees of the TOTAL group (the “Group”). Through this operation, TOTAL SE intends to continue involving its employees in the Group’s business and growth. Employee shareholders, within the meaning of Article L. 225-102 of the French Commercial Code and article 11 par. 6 of the Articles of Association of the Company, held 6.4% of the Company’s share capital as of December 31, 2020.
The twentieth resolution of the Shareholders’ Meeting of May 29, 2020 granted the Company’s Board of Directors (the “Board”) the authority to decide, within a maximum period of 26 months, to carry out one or more capital increases of ordinary shares without preferential subscription rights, not to exceed 1.5% of the Company's share capital at the date of the Board meeting resolving on the operation and reserved to members of a savings plan pursuant to the provisions of Articles L. 225-129 and seq., L. 225-138-1 and L. 22-10-49 of the French Commercial Code and Articles L. 3332-1 to L. 3332-9 and L. 3332-18 to L. 3332 24 of the French Labor Code.
The Board, pursuant to the above-mentioned authorization, decided during its meeting on September 16, 2020 to carry out, in 2021, a new share capital increase reserved for employees and former employees of the Group pursuant to the following conditions:
Maximum number of shares offered and total amount of the offer: 18 million shares with a nominal value of €2.50 each, representing a total nominal amount of €45 million, which is the equivalent of 0.68% of the Company’s share capital as of the date of the Board’s decision.
Description of the newly issued shares: same category as existing shares with immediate dividend rights. The rights attached to the newly issued shares are the same than the rights attached to the existing shares of the Company, and are described in the articles of association of TOTAL SE.
Listing of the newly issued shares on Euronext: on the same line as existing shares (ISIN code FR0000120271), from their issuance. American Depositary Receipts corresponding to the newly issued shares may also be listed on the New York Stock Exchange.
Share subscription price: average of the closing prices of the TOTAL shares on Euronext over the 20 trading sessions preceding the date of the Chairman and CEO’s decision setting the opening date for the subscription period (“Reference Price”), reduced by a 20% discount and rounded off to the highest tenth of a euro.
Indicative timeline (subject to the Chairman and CEO’s decision):
Determination of the subscription price: April 28, 2021;
Subscription period: from April 30, 2021 to May 17, 2021 (included).
Please refer to the appendix to this press release for further information on this operation.
Total is a broad energy company that produces and markets fuels, natural gas and electricity. Our 100,000 employees are committed to better energy that is more affordable, more reliable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.