EXHIBIT 99.15
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Press Release
Total announces the payment terms of the final 2019 dividend
following the Shareholders’ Meeting of May 29, 2020
Paris, May 29, 2020 – The Shareholders’ Meeting of TOTAL S.A., held today at its registered office under the chairmanship of Mr Patrick Pouyanné, declared a dividend of €2.68 per share for the financial year 2019. Given the first two interim dividends of €0.66 per share and the third interim dividend of €0.68 per share paid respectively on October 1st, 2019, January 8, 2020 and on April 1st, 2020, the remaining final 2019 dividend to be paid amounts to €0.68 per share.
The Shareholders’ Meeting also decided that shareholders will be given the option to receive payment of this final dividend in cash or in new shares of the Company, each choice being exclusive of the other.
The share price of new shares to be issued as payment of the final dividend is set at €28.80. This price is equal to 90% of the average opening prices of the shares for the twenty trading days preceding the Shareholders’ Meeting, reduced by the amount of the final dividend and rounded up to the nearest cent. The shares issued will carry immediate dividend rights, be admitted for trading on Euronext Paris and be fully assimilated with existing TOTAL shares.
If the amount of the final dividend for which the option is exercised does not correspond to a whole number of shares, the shareholders may opt to receive either the number of shares immediately above, by paying a cash adjustment on the day they exercise their option, or the number of shares immediately below, plus a balancing cash adjustment.
Shareholders and holders of American Depositary Shares (“ADS”) will be given the option to receive the dividend either in cash or in new shares, by instructing their financial advisors, according to the following timetable:
| | | | |
In 2020 | | Shareholders | | ADS holders |
Ex-dividend date | | June 29 | | June 25 |
Period to opt in for the payment in new shares | | July 1 to July 10 (inclusive) | | June 29 to July 7 (inclusive) |
Payment in cash or in new shares | | July 16 | | July 23 |