TotalEnergies decreases share capital by treasury shares cancellation

Thu, Feb 10, 2022
By editor
2 MIN READ

Africa

By Anthony Isibor.

THE Board of Directors, BOD, TotalEnergies has resolved to decrease its share capital by way of cancellation of 30,665,526 treasury shares, representing 1.16% of the share capital.

The decision, according to a statement by TotalEnergies, was reached by the BOD after a meeting on Wednesday, February 9, 2022.

These shares were repurchased from November 8 to December 22, 2021, it said. 

The statement reads:

“On February 9, 2022, the Board of Directors, under the conditions set forth at the Extraordinary Shareholders’ Meeting of May 26, 2017, decided to decrease the share capital of TotalEnergies SE by way of cancellation of 30,665,526 treasury shares representing 1.16% of the share capital.

“After this cancellation of shares, the number of shares of TotalEnergies SE is 2,609,763,803, and the number of voting rights that can be exercised at the Shareholders’ Meeting is 2 769 135 419. The total number of voting rights attached to these 2,609,763,803 shares (referred to as ‘theoretical voting rights’) is 2 775 508 834, including the voting rights attached to the 6 373 415 treasury shares held by TotalEnergies SE, with a view to allocating them to share performance plans, and with no voting rights.

“This transaction has no impact on the consolidated financial statements of TotalEnergies SE, the number of fully diluted weighted-average shares and the earnings per share,” it said.

A.I

2022-02-10 18:01

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