Results of the Public Tender Offer of Total on Direct Energie
20 Septembre 2018 - 08:25AM
Business Wire
Regulatory News:
Total (Paris:FP) (LSE:TTA) (NYSE:TOT):
Following completion on July 6, 2018 of the acquisition of a
73.04% stake in the share capital of Direct Energie at €42 per
share, Total welcomes the results of the public tender offer
published by the Autorité des marchés financiers (AMF) yesterday,
showing that Total S.A. has acquired, at the same price, 9,354,390
shares under the centralized procedure managed by Euronext Paris
and 1,011,888 shares on the market.
Total will hold 44,417,802 shares of Direct Energie representing
44,820,386 voting rights, i.e. 95.37% of the share capital and at
least 95.33% of the voting rights of this company.
Once the settlement of the shares tendered into the offer has
been completed, Total intends to request the implementation of the
squeeze-out procedure in accordance with the terms of its public
tender offer of July 26, 2018 at a price of €42 per share (dividend
attached).
Total is pleased to be in a position to fully benefit from the
new perimeter comprised of Direct Energie and the other businesses
of its Gas, Renewables & Power (GRP) branch with a view to
accelerating its strategy of integration along the gas-electricity
value chain in Europe and development of low carbon energies, in
line with its ambition to become the responsible energy Major.
About Total
Total is a global integrated energy producer and provider, a
leading international oil and gas company, a major player in
low-carbon energies. Our 98,000 employees are committed to better
energy that is safer, cleaner, more efficient, more innovative and
accessible to as many people as possible. As a responsible
corporate citizen, we focus on ensuring that our operations in more
than 130 countries worldwide consistently deliver economic, social
and environmental benefits.
* * * * *
Cautionary note
This press release, from which no legal consequences may be
drawn, is for information purposes only. The entities in which
TOTAL S.A. directly or indirectly owns investments are separate
legal entities. TOTAL S.A. has no liability for their acts or
omissions. In this document, the terms “Total” and “Total Group”
are sometimes used for convenience where general references are
made to TOTAL S.A. and/or its subsidiaries. Likewise, the words
“we”, “us” and “our” may also be used to refer to subsidiaries in
general or to those who work for them.
This document may contain forward-looking information and
statements that are based on a number of economic data and
assumptions made in a given economic, competitive and regulatory
environment. They may prove to be inaccurate in the future and are
subject to a number of risk factors. Neither TOTAL S.A. nor any of
its subsidiaries assumes any obligation to update publicly any
forward-looking information or statement, objectives or trends
contained in this document whether as a result of new information,
future events or otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180919005913/en/
TotalMedia Relations:+33 1 47 44 46
99presse@total.com@TotalPressorInvestor Relations:+44 (0)207 719
7962ir@total.com
TotalEnergies (EU:TTE)
Graphique Historique de l'Action
De Fév 2024 à Mar 2024
TotalEnergies (EU:TTE)
Graphique Historique de l'Action
De Mar 2023 à Mar 2024