2013 Capital increase reserved for employees / Setting of the subscription price
Paris - At its meeting on September 18, 2012, the Board of Directors of TOTAL S.A. decided to launch a capital increase reserved for employees and retirees of the Group by the Shareholders Meeting scheduled on May 17, 2013, for a maximum of 18 million shares.
The subscription price was set on March 14, 2013 at 30.70 Euros.
The subscription price is the average of the closing market prices for TOTAL shares over the 20 trading days preceding the day setting the cancellation / subscription period. This average is reduced by a 20% discount.
The cancellation / subscription price is from March 15 to March 21, 2013 included.
The terms of cancellation / subscription are available on the website.
By regularly carrying out capital increases reserved for employees, Total offers the opportunity to its employees to buy TOTAL shares under preferential terms. Thus, the Group wishes to develop the employee shareholding and to allow the employees to understand better the basics of the company.
The employees of Total can be more closely associated to the Group financial performances and benefit from their commitment.
At December 31 2012, employees of the Group held 4.43% of the capital.
For more information, please visit: www.totalcapital2013.com
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.