OREANDA-NEWS. April 11, 2016. The Board of Directors of Total met and declared a third quarter 2015 interim dividend of €0.61 per share and offered, under the conditions set by the fourth resolution at the Ordinary General Meeting of May 29, 2015, the option for shareholders to receive the third quarter 2015 interim dividend in cash or in new shares of the Company.

The period for exercising the option ran from March 21, 2016 to April 4, 2016. At the end of the option period, 61% of rights were exercised in favor of receiving the payment for the third quarter 2015 interim dividend in shares.  

24,752,821 new shares will be issued, representing 1.01% of the Company’s share capital on the basis of the share capital of March 31, 2016. The share price for the new shares to be issued as payment of the third quarter 2015 interim dividend was set at €36.24 on March 15, 2016. 

The settlement and delivery of the new shares as well as their admission to trading on the Euronext Paris will occur on April 12, 2016. The shares will carry immediate dividend rights and will be fully assimilated with existing shares already listed.

The total remaining cash dividend to be paid to shareholders who did not elect to receive the third quarter 2015 interim dividend in shares amounts to 583 million euros and the date for the payment in cash is set for April 12, 2016.