MOSCOW (MRC) -- The Board of Directors of Total met on July 28, 2015, and approved a second quarter 2015 interim dividend of EUR0.61 per share, as per the company's press release.
This interim dividend, unchanged compared to the first quarter of 2015, is payable in euros according to the following timetable: ex-dividend date - December 21, 2015; record date - December 18, 2015; payment date in cash or
shares issued in lieu of cash - January 14, 2016.
The Board of Directors will meet on December 16, 2015, to: declare the second quarter 2015 interim dividend; offer the option for shareholders to receive the second quarter 2015 interim dividend in cash or in new shares of the company; set the price of the new shares with a discount of up to 10% based on the average opening price on the Euronext Paris for the 20 trading days preceding the Board of Directors’ meeting, and reduced by the amount of the second quarter 2015 interim dividend; and confirm the payment of the dividend in cash or the delivery of shares issued in lieu of the cash dividend as from January 14, 2016.
As MRC informed earlier, Total, Europe’s third-largest oil company, intends to invest EUR160m before 2016 to adapt its petrochemical platform in Carling, in the Lorraine region of eastern France, and to restore its competitiveness.
Total S.A. is a French multinational oil and gas company and one of the six "Supermajor" oil companies in the world with business in Europe, the United States, the Middle East and Asia. The company's petrochemical products cover two main groups: base chemicals and the consumer polymers (polyethylene, polypropylene and polystyrene) that are derived from them.
MRC