UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
March 30, 2018
Commission File Number 001-10888
TOTAL S.A.
(Translation of registrants name into English)
2, place Jean Millier
La Défense 6
92400 Courbevoie
France
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrants home country), or under the rules of the home country exchange on which the registrants securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrants security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ☐ No ☒
(If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- .)
TOTAL S.A. is providing on this Form 6-K a description of certain recent developments relating to its business.
Exhibit 99.1 | Production starts up at Timimoun Gas Field in Algeria (March 29, 2018) | |
Exhibit 99.2 | Total becomes a founding partner of the Cathay Smart Energy Fund to invest in the new energy sector in China (March 27, 2018) | |
Exhibit 99.3 | Disclosure of trading in own shares (March 22, 2018) | |
Exhibit 99.4 | Abu Dhabi: Total consolidates its strategic partnership with ADNOC by being awarded participating interests in two new 40-year Offshore Concessions on Umm Shaif & Nasr (20%) and Lower Zakum (5%) (March 18, 2018) | |
Exhibit 99.5 | 2017 Annual Reports Filing: Document de référence including the annual financial report and the Form 20-F (March 16, 2018) | |
Exhibit 99.6 | Disclosure of trading in own shares (March 15, 2018) | |
Exhibit 99.7 | Total announces the distribution of its third 2017 interim dividend and indicative interim ex-dividend dates for 2019 dividend (March 14, 2018) | |
Exhibit 99.8 | Annual Shareholders Meeting to be held on June 1st, 2018 (March 14, 2018) | |
Exhibit 99.9 | Subscription Price Set For 2018 Capital Increase Reserved For Employees (March 14, 2018) | |
Exhibit 99.10 | Total Closes the Maersk Oil Acquisition and Becomes the Second-Largest Operator in the North Sea (March 8, 2018) | |
Exhibit 99.11 | Total completes the acquisition of Maersk Oil and issues 97,522,593 new Total shares for the benefit of A.P. Møller - Mærsk A/S as consideration for the contribution of Maersk Oil shares to Total S.A. (March 8, 2018) | |
Exhibit 99.12 | Disclosure of trading in own shares (March 8, 2018) | |
Exhibit 99.13 | Total acquires a 16.33% stake in the Waha Concessions in Libya (March 2, 2018) | |
Exhibit 99.14 | Disclosure of trading in own shares (March 1, 2018) |
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
TOTAL S.A. | ||||||
Date: March 30, 2018 | By: | /s/ ANTOINE LARENAUDIE | ||||
Name: | Antoine LARENAUDIE | |||||
Title: | Group Treasurer |
EXHIBIT 99.1
Press Release
Production Starts Up at Timimoun Gas Field in Algeria
Paris, March 29, 2018 - Total announces first gas from the Timimoun field in southwestern Algeria. The production complex with a capacity of around 5 million cubic meters of natural gas per day at plateau (around 30,000 barrels of oil equivalent per day (boe/d)), is jointly operated by Sonatrach (51%), Total (37.75%) and Cepsa (11.25%).
The launch of Timimoun is a new step in the Groups history in Algeria, where we are a long-term partner. Achieved within the planned budget, the project will contribute to Totals production growth in 2018, said Arnaud Breuillac, President of Exploration & Production at Total.
Timimouns gas will be produced with 37 wells connected to a gas processing facility that ties into the GR5 pipeline used to transport gas from fields in southwestern Algeria to Hassi Rmel.
Total in Algeria
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Totals exploration and production activities in Algeria date back to 1952. In 2017, Totals production in Algeria averaged 15,000 boe/d, all of it from the Tin Fouyé Tabankort (TFT) gas and condensate field located 300 kilometers west of the Libyan border. The Group holds a 35% in interest in TFT. Total also markets lubricants and bitumen in Algeria.
Through the Maersk Oil acquisition, which closed on March 8, 2018, Total now holds a 12.25% interest in the El-Merk, Hassi Berkine and Ourhoud oil fields, with a combined production capacity of 400,000 boe/d.
In November 2017, Total also announced the proposed acquisition of Engies upstream liquefied natural gas (LNG) assets. This transaction will add 4.6 million tons to the Groups global LNG portfolio thanks to a supply agreements with Sonatrach upon the closing. |
* * * * *
Total contacts
Media Relations: +33 1 47 44 46 99 l presse@total.com l @TotalPress
Investor Relations: +44 (0)207 719 7962 l ir@total.com
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.
EXHIBIT 99.2
Press Release
Total becomes a founding partner of the Cathay Smart Energy Fund to invest in the new energy sector in China
Paris, March 27, 2018 - Total Energy Ventures (TEV), Hubei High Technology Investment Guiding Fund Management Co., Ltd. (Hubei High Tech), and Cathay Capital have signed a Heads of Agreement to launch the Cathay Smart Energy Fund, an investment fund dedicated to energy sector in China.
The fund will focus its investments on emerging technologies and new business models of the Chinese energy sector, notably renewable energy, energy internet, energy storage, distributed energy, smart energy and low carbon activities. It will allow Total to explore new opportunities in China and identify new business models and technologies. TEV and Hubei High Tech will invest around 300 million RMB in the fund (50 million USD) each. Following the first closing, other partners will join the fund with a target final volume of capital of over 1,5 billion RMB (around 250 million USD).
China is at the forefront of 21st century energy technologies. Through this investment, we are delighted to become a part of the innovation ecosystem of the Chinese energy sector, benefiting from the knowledge of the Chinese market that Cathay Capital brings to us. We believe that it represents a significant growth and innovation potential in areas of new energies and sustainable development and resonates with Totals ambition to become the responsible energy major, said Patrick Pouyanné, Chairman and CEO of Total.
About Total Energy Ventures
TEV is Totals venture capital arm for investing in energy start-ups. Its investments support innovative technologies and businesses in areas such as renewable energies, energy efficiency, energy storage, digital energy, internet of things, and sustainable transportation. Its portfolio companies include Autogrid, Stem, Sigfox and Ontruck. TEV is present globally and has already invested 10 million EUR in the Sino French Innovation Fund, with one third of investments dedicated to China.
About Total in China
Total has been present in China for almost 40 years. The Group was the first international energy company to enter Chinas offshore oil and gas exploration and refining business.
With a team of around 5,000 employees the company is actively present across the entire value chain of Chinas energy industry, including Exploration & Production, Gas, Renewables & Power, Refining & Chemicals, and Marketing & Services activities. Total is constantly developing new business opportunities with Chinese partners both in China and globally.
About Hubei High tech
Hubei High Tech is the investment and financing platform established under the leadership of Hubei Provincial Government. It focuses on supporting and developing emerging and strategic industries, and has a deep industry knowledge of the wind and solar energy, as well as other new energies.
About Cathay Capital
Cathay Capital Private Equity, founded in 2006 by Mingpo Cai and Edouard Moinet, is a leading international private equity firm in the field of cross-border investment, committed to supporting the international expansion of companies from China, Europe and the United States. As a fund made by entrepreneurs for entrepreneurs, Cathay Capitals team leverages on Cathays unique business model and platform to help create value for companies by removing borders. Cathays Group presence across three continents materialises through offices in Shanghai, Beijing, Paris, Munich, New York and San Francisco. Cathays team of 80 currently manages 8 funds and over USD 2 billion in assets.
* * * * *
Total contacts
| Media Relations: +33 1 47 44 46 99 l presse@total.com l @TotalPress |
| Investor Relations: +44 (0)207 719 7962 l ir@total.com |
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.
EXHIBIT 99.3
Disclosure of Transactions in Own Shares
Paris, March 22, 2018 In accordance with the authorization given by the combined ordinary and extraordinary shareholders general meeting on May 26, 2017 to trade on its shares and pursuant to applicable law on share repurchase, TOTAL S.A. (LEI : 529900S21EQ1BO4ESM68) declares the following purchases of its own shares (FR0000120271) from March 15, 2018 to March 21, 2018:
Transaction date |
Total daily volume (number of shares) |
Daily weighted average purchase price of the shares (EUR/share) |
Amount of transactions (EUR) |
Market (MIC Code) |
||||||||||||
15.03.2018 |
10,000 | 47.0804 | 470,804 | BATE | ||||||||||||
15.03.2018 |
30,000 | 47.0807 | 1,412,421 | CHIX | ||||||||||||
15.03.2018 |
20,000 | 47.0783 | 941,566 | TRQX | ||||||||||||
15.03.2018 |
90,000 | 47.0837 | 4,237,533 | XPAR | ||||||||||||
16.03.2018 |
5,000 | 47.2425 | 236,213 | BATE | ||||||||||||
16.03.2018 |
15,000 | 47.2510 | 708,765 | CHIX | ||||||||||||
16.03.2018 |
10,000 | 47.2515 | 472,515 | TRQX | ||||||||||||
16.03.2018 |
90,000 | 47.2301 | 4,250,709 | XPAR | ||||||||||||
19.03.2018 |
19,564 | 46.4885 | 909,501 | BATE | ||||||||||||
19.03.2018 |
120,000 | 46.4679 | 5,576,148 | CHIX | ||||||||||||
19.03.2018 |
60,000 | 46.5010 | 2,790,060 | TRQX | ||||||||||||
19.03.2018 |
453,652 | 46.4791 | 21,085,337 | XPAR | ||||||||||||
20.03.2018 |
10,000 | 46.1038 | 461,038 | BATE | ||||||||||||
20.03.2018 |
30,000 | 46.1011 | 1,383,033 | CHIX | ||||||||||||
20.03.2018 |
20,000 | 46.1011 | 922,022 | TRQX | ||||||||||||
20.03.2018 |
265,236 | 45.9855 | 12,197,010 | XPAR | ||||||||||||
21.03.2018 |
30,000 | 46.2907 | 1,388,722 | BATE | ||||||||||||
21.03.2018 |
72,500 | 46.2918 | 3,356,153 | CHIX | ||||||||||||
21.03.2018 |
47,500 | 46.2873 | 2,198,649 | TRQX | ||||||||||||
21.03.2018 |
247,684 | 46.2513 | 11,455,702 | XPAR | ||||||||||||
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Total |
1,646,136 | 46.4445 | 76,453,899 | |||||||||||||
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Transaction details
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation) a full breakdown of the individual trades are disclosed on the Total website: https://www.total.com/en/investors/shares-and-dividends/Total-shares/Company-share-transactions
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.
* * * * *
Total contacts
Media Relations: +33 1 47 44 46 99 l presse@total.com l @TotalPress
Investor Relations: +44 (0)207 719 7962 l ir@total.com
EXHIBIT 99.4
Press Release
Abu Dhabi: Total consolidates its strategic partnership with ADNOC by being awarded participating interests
in two new 40-year Offshore Concessions
on Umm Shaif & Nasr (20%) and Lower Zakum (5%)
Paris, March 18, 2018 - Total has signed two new 40-year concession agreements with the Supreme Petroleum Council of the Emirate of Abu Dhabi (United Arab Emirates) and the Abu Dhabi National Oil Company (ADNOC). In the frame of these agreements, Total is granted a 20% participating interest in the new Umm Shaif & Nasr concession and 5% in the Lower Zakum concession, effective March 9th, 2018, for a total participation fee of 1.45 billion dollars, which represents an access cost of around 1 dollar per barrel of reserves. These interests bring to Total a production of 80,000 barrels of oil per day in 2018.
Located about 135 and 65 kilometers off the coast respectively, Umm Shaif and Lower Zakum are two of the major fields offshore and counting for around 20% of Abu Dhabi production. In addition to the huge oil reserves and the potential to grow oil production beyond 450,000 barrels per day (including Nasr the present production being at around 300,000 barrels per day), Umm Shaif also contains a giant gas-cap, which is to be developed in the scope of the concession with a gas production target of 500 mmscfd. ADNOC Offshore (100% owned by ADNOC) will be the operator of all concessions offshore Abu Dhabi, to which Total, as a partner in the concessions, will bring its expertise by providing personnel and carrying out studies.
These agreements represent another major milestone in our long-standing partnership with Abu Dhabi and ADNOC that dates back to 1939. Following the signing of the ADNOC Onshore concession in 2015, they confirm our commitment to ADNOC for the next 40 years, said Patrick Pouyanné, Chairman and CEO of Total. With a 25% overall participating interest in two concessions, we are honored that ADNOC chose Total as its main partner on these offshore concessions that contain giant reserves with low technical costs and offer significant growth potential. In particular, we are delighted with the trust that ADNOC demonstrated by granting us a 20% participating interest in the Umm Shaif & Nasr concession, and therefore to be the leading partner on this asset. We intend to bring all of our competencies in order to make the most of the upside coming from the gas reserves, while we develop the oil production in the most effective way.
For nearly 80 years, Total has partnered with Abu Dhabi in the development of our oil and gas resources and has closely collaborated with ADNOC across various stages of our value chain, stated Dr Sultan Ahmed Al Jaber, ADNOC Chief Executive Officer. Todays announcement marks an important step to further strengthen our mutually beneficial and value-adding partnership with one of the worlds largest integrated upstream and downstream companies.
In addition, as part of this partnership, Total has also extended its concession with ADNOC in the offshore Abu Al Bu Koosh field, operated by Total with a 100% interest, for three more years. This field produces approximately 10,000 barrels per day.
Total in the United Arab Emirates
Total has been present in the United Arab Emirates for almost 80 years and has built a strong presence, reflected by the size and diversity of its assets and partnerships. The Groups equity production in 2017 in the Emirates was 290,000 boe/d.
Total held a 13.3% interest in the 65-year ADMA concession that expired on March 8, 2018.
In partnership with ADNOC, Total holds, in addition to the new Umm Shaif & Nasr (20%) and Lower Zakum (5%) participating interests:
| 10% in the 40-year ADNOC Onshore concession (former ADCO) |
| 15% in ADNOC Gas Processing (former GASCO) |
| 5% in ADNOC LNG (former ADGAS) |
| 5% in the National Gas Shipping Company (NGSCO) |
| 33.33% in ADNOC Fertilizer (former FERTIL) |
In partnership with Mubadala, a company owned by the government of Abu Dhabi, Total holds a 24.5% stake in Dolphin Energy Ltd.
In addition, Total owns 100% stake and operates the Abu Al Bu Koosh field.
In the power production sector, Total is also a partner in the Shams project, the worlds largest concentrated solar power plant in operation (100 MW), inaugurated in 2013, and since 2001 in the Taweelah water desalination and power plant, which produces around 20% of Abu Dhabis water and power consumption.
The Group also has a leading position in the manufacturing and marketing of a wide range of automotive and industrial lubricants with a blending plant in the Emirates, supplying the whole region.
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.
* * * * *
Total contacts
Media Relations: +33 1 47 44 46 99 l presse@total.com l @TotalPress
Investor Relations: +44 (0)207 719 7962 l ir@total.com
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.
EXHIBIT 99.5
Press Release
2017 Annual Reports Filing:
Document de référence including the annual financial report and the Form 20-F
Paris, March 16, 2018 - The annual report (Document de référence) of TOTAL S.A. for the year ended December 31, 2017, was filed with the French Financial Markets Authority (Autorité des marchés financiers) on Friday, March 16, 2018. Pursuant to applicable law, copies of the Document de référence are available free of charge and can be downloaded from the Companys website (total.com, under the heading Investors / Regulated information). A translation into English of the Document de référence (Registration Document) is also available on the Companys website.
The following documents are included in the Document de référence: the 2017 annual financial report, the Board of Directors report on corporate governance required under Article L. 225-37 of the French Commercial Code, the reports from the statutory auditors, in particular the report specified by Article L. 225-235 of the French Commercial Code, the description of the share buy-back program as well as the report on the payments made to governments required under Article L. 225-102-3 of the French Commercial Code.
The annual report on Form 20-F of TOTAL S.A. for the year ended December 31, 2017, was filed with the United States Securities and Exchange Commission (SEC) on Friday, March 16, 2018. The Form 20-F can be downloaded from the Companys website (total.com, under the heading Investors / Regulated information) or from the SECs website (sec.gov).
Printed copies of the Document de référence, Registration Document and Form 20-F are available free of charge at the Companys registered office at 2, place Jean Millier, La Défense 6, 92400 Courbevoie, France.
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.
* * * * *
Total contacts
Media Relations: +33 1 47 44 46 99 l presse@total.com l @TotalPress
Investor Relations: +44 (0)207 719 7962 l ir@total.com
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.
EXHIBIT 99.6
Disclosure of Transactions in Own Shares
Paris, March 15, 2018 In accordance with the authorization given by the combined ordinary and extraordinary shareholders general meeting on May 26, 2017 to trade on its shares and pursuant to applicable law on share repurchase, TOTAL S.A. (LEI : 529900S21EQ1BO4ESM68) declares the following purchases of its own shares (FR0000120271) from March 8, 2018 to March 14, 2018:
Transaction date |
Total daily volume (number of shares) |
Daily weighted average purchase price of the shares (EUR/share) |
Amount of transactions (EUR) |
Market (MIC Code) |
||||||||||||
08.03.2018 |
9,161 | 46.2146 | 423,372 | BATE | ||||||||||||
08.03.2018 |
28,160 | 46.2219 | 1,301,609 | CHIX | ||||||||||||
08.03.2018 |
18,599 | 46.2206 | 859,657 | TRQX | ||||||||||||
08.03.2018 |
41,648 | 46.1582 | 1,922,397 | XPAR | ||||||||||||
09.03.2018 |
10,000 | 46.4007 | 464,007 | BATE | ||||||||||||
09.03.2018 |
30,000 | 46.4047 | 1,392,141 | CHIX | ||||||||||||
09.03.2018 |
20,000 | 46.4034 | 928,068 | TRQX | ||||||||||||
09.03.2018 |
108,385 | 46.3583 | 5,024,544 | XPAR | ||||||||||||
12.03.2018 |
10,000 | 46.6030 | 466,030 | BATE | ||||||||||||
12.03.2018 |
30,000 | 46.6087 | 1,398,262 | CHIX | ||||||||||||
12.03.2018 |
20,000 | 46.6096 | 932,193 | TRQX | ||||||||||||
12.03.2018 |
72,476 | 46.5837 | 3,376,202 | XPAR | ||||||||||||
13.03.2018 |
5,000 | 46.9384 | 234,692 | BATE | ||||||||||||
13.03.2018 |
25,000 | 46.9535 | 1,173,838 | CHIX | ||||||||||||
13.03.2018 |
15,000 | 46.9729 | 704,594 | TRQX | ||||||||||||
13.03.2018 |
105,000 | 46.8206 | 4,916,163 | XPAR | ||||||||||||
14.03.2018 |
10,000 | 47.1582 | 471,582 | BATE | ||||||||||||
14.03.2018 |
30,000 | 47.1531 | 1,414,593 | CHIX | ||||||||||||
14.03.2018 |
20,000 | 47.1559 | 943,118 | TRQX | ||||||||||||
14.03.2018 |
52,001 | 47.1338 | 2,451,005 | XPAR | ||||||||||||
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Total |
660,430 | 46.6334 | 30,798,065 | |||||||||||||
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Transaction details
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation) a full breakdown of the individual trades are disclosed on the Total website: https://www.total.com/en/investors/shares-and-dividends/Total-shares/Company-share-transactions
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.
* * * * *
Total contacts
Media Relations: +33 1 47 44 46 99 l presse@total.com l @TotalPress
Investor Relations: +44 (0)207 719 7962 l ir@total.com
EXHIBIT 99.7
Press Release
Total announces the distribution of its third 2017 interim dividend and indicative interim ex-dividend dates for 2019 dividend
Paris, March 14, 2018 The Board of Directors of Total met on March 14, 2018 and declared a 2017 third interim dividend of 0.62 per share, in accordance with the Boards decision of October 26, 2017. This is unchanged compared to the 2017 first and second interim dividends and represents an increase of 1.6% compared to the 2016 third interim dividend. The Board of Directors also decided to offer, under the conditions set by the fourth resolution at the Combined Shareholders Meeting of May 26, 2017, the option for shareholders, including holders of its American Depositary Shares (ADS), to receive the 2017 third interim dividend in cash or in new shares of the Company.
The share price for the new shares to be issued as payment of the 2017 third interim dividend is set by the Board of Directors at 45.70. This price is equal to the average opening price on Euronext Paris for the twenty trading days preceding the Board of Directors on March 14, 2018, reduced by the amount of the interim dividend, without any discount, rounded up to the nearest cent. Shares issued as payment of the 2017 third interim dividend will carry immediate dividend rights. An application will be made to admit the new shares for trading on the Euronext Paris market.
The ex-dividend date for the 2017 third interim dividend is set for March 19, 2018. Shareholders may select to receive the 2017 third interim dividend payment in new shares during the period from March 19, 2018, to March 28, 2018, both dates inclusive, by instructing their financial advisors.
For Totals ADS, the ex-dividend date for the 2017 third interim dividend is set for March 15, 2018. ADS holders may select to receive the 2017 third interim dividend payment in new shares during the period from March 19, 2018, to March 23, 2018, both dates inclusive, by instructing their financial brokers.
Shareholders who do not select to receive the 2017 third interim dividend payment in new shares within the specified timeframe will receive the 2017 third interim dividend due to them in cash. The date for the payment in cash is planned for April 9, 2018.
For shareholders who elect to receive the 2017 third interim dividend in shares, the date for the delivery of the shares is planned for April 9, 2018. For holders of Totals American Depositary Shares, the delivery of the ADSs is planned for April 16, 2018.
If the amount of the 2017 third interim 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, having paid a cash adjustment on the day they exercise their option, or the number of shares immediately below, plus a balancing cash adjustment.
Indicative interim ex-dividend dates for 2019 dividend
Subject to decisions by the Board of Directors and shareholders at the 2020 Annual Meeting to approve the 2019 financial statements and the final dividend, the ex-dividend dates of the interim dividends and the final dividend for 2019 will be:
| September 27, 2019, |
| January 6, 2020, |
| March 30, 2020, |
| June 29, 2020. |
The above ex-dividend dates relate to Total shares traded on the Euronext Paris.
This press release contains inside information as per the definition of Article 7 of regulation (UE) 596/2014.
About Total
Total is a global integrated energy producer and provider, a leading international oil and gas company, and 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. total.com
* * * * *
Total contacts
Media Relations: +33 1 47 44 46 99 l presse@total.com l @TotalPress
Investors Relations: +44 (0)207 719 7962 l ir@total.com
Cautionary note
This news release is provided for information purposes only and does not constitute an offer to purchase securities. This news release and any other document relating to payment of dividends in shares may only be published outside of France in conformity with applicable local laws and regulations and shall not constitute an offer for securities in jurisdictions where such an offer would violate applicable local law. The option to receive the 2017 third interim dividend in shares is not open to shareholders residing in any jurisdiction where such option would give rise to a registration requirement or require the granting of any authorization from local securities regulators; shareholders residing outside of France are required to inform themselves of any restrictions which may apply under their local law and comply with such restrictions. Shareholders must inform themselves of the conditions and consequences of the exercise of such option, which may be applicable under local law. In making their decision to receive the dividend in shares, shareholders must consider the risks associated with an investment in shares.
EXHIBIT 99.8
Press Release
Annual Shareholders Meeting to be held on June 1st, 2018
Paris, March 14, 2018 The Board of Directors of TOTAL S.A. met on March 14, 2018 under the chairmanship of Mr. Patrick Pouyanné, Chairman and Chief Executive Officer, and decided to call the Annual Shareholders Meeting on June 1st, 2018.
The notice of the meeting will be published in the Bulletin des Annonces Légales Obligatoires (Mandatory Legal Notice Bulletin) on March 21st, 2018 and will be available on the Companys website.
In particular, upon the proposal of the Governance and Ethics Committee, chaired by Mrs. Patricia Barbizet, Lead Independent Director, the Board of Directors decided to propose to the Annual Shareholders Meeting to renew for a period of three years the terms as Directors of Mr. Patrick Pouyanné, Mrs. Anne-Marie Idrac, and Mr. Patrick Artus, whose existing terms expire following this Annual Shareholders Meeting.
Subject to the renewal of Mr. Patrick Pouyanné as a Board Member by the Annual Shareholders Meeting, the Governance and Ethics Committee proposed to the Board of Directors to decide during its meeting on June 1st, 2018 following the Annual Shareholders Meeting, to renew the term of Mr. Patrick Pouyanné as Chairman of the Board and Chief Executive Officer, for the time of his term as Board Member, hence until the Annual Shareholders Meeting taking place in 2021 and to approve the 2020 accounts. The Board of Directors has approved this proposal.
In addition, the Board of Directors approved the financial resolutions which will be proposed at the Annual Shareholders Meeting.
Finally, the Board of Directors examined and approved the documents which will be submitted to the Annual Shareholders Meeting on June 1st, 2018, including the Management Report on the Groups situation. This Report of the Board is integrated into the Companys 2017 Registration Document, which will be available on the Companys website. The document includes notably a description of the main risks to which the Group is exposed.
* * * * *
Total contacts
Media Relations: +33 1 47 44 46 99 l presse@total.com l @TotalPress
Investor Relations: +44 (0)207 719 7962 l ir@total.com
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.
EXHIBIT 99.9
Press Release
Subscription Price Set For 2018 Capital Increase Reserved For Employees
Paris - On July 26, 2017, the Board of Directors of TOTAL S.A. approved a capital increase for employees and retirees of Total under certain conditions. The maximum number of shares offered as part of the capital increase is 18 million.
The share subscription price has been set at 37.20 euros.
This price is the average of the closing price for the TOTAL S.As shares on Euronext Paris over the 20 trading sessions (February 14 to March 13, 2018) preceding the date of the Chairman and CEOs decision setting the opening date for the subscription period, reduced by a 20% discount rounded up to the nearest tenth of a euro.
The subscription period is March 15 to April 3, 2018 inclusive. Information relating to the Total Capital 2018 offering is available on the dedicated website, www.totalcapital2018.com.
This annual operation is part of the Groups policy to promote employee shareholding. Through this operation, Total intends to further associate its employees with its performance.
Employee shareholders, within the meaning of Article L. 225-102 of the French Commercial Code, held 5.0% of the companys share capital as of December 31, 2017. This is in absolute terms the largest employee shareholding in the CAC40, proof of the confidence of employees in the development of the Group to which they actively contribute.
* * * * *
Total contacts
Media Relations: +33 1 47 44 46 99 l presse@total.com l @TotalPress
Investors Relations: +44 (0)207 719 7962 l ir@total.com
* * * * *
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.
EXHIBIT 99.10
Press Release
Total Closes the Maersk Oil Acquisition
and Becomes the Second-Largest Operator in the North Sea
Paris, March 8th, 2018 - Total announces the closing of the Maersk Oil acquisition signed on 21st of August 2017. It brings to Total around 1 billion barrels of oil equivalent of 2P/2C reserves and resources, mainly in the OECD countries, and a production of about 160,000 barrels of oil equivalent per day (boe/d) in 2018, ramping up to more than 200,000 boe/d by the early 2020s.
The acquisition of Maersk Oil allows the Group to reinforce its existing leading positions in the U.K. and in Norway, as well as to enter Denmark, making Total the second-largest operator in the North Sea with an output of 500,000 boe/d by 2020.
This major acquisition is a success on many levels, said Patrick Pouyanné, Chairman and CEO of Total. First, it illustrates our strategy to build on our strengths and grow our presence in Totals core areas, like the North Sea, to strengthen our leadership there. Second, it brings high-quality and low-breakeven assets, enhancing our worldwide portfolio. Third, the strong overlap between Maersk Oil and the Groups assets will generate more than $400 million of synergies per year.
We are committed to preserve and further develop Maersk Oils heritage by relying on the strong competencies of its teams. Our regional hub for North Sea activities is now headquartered in Copenhagen. Moreover, we welcome a major new shareholder A.P. Moller-Maersk which will hold 3.70% of the Groups capital, he added.
The transaction also strengthens other growth areas of Total, in particular in Algeria and in the Gulf of Mexico in the United States. It is immediately accretive to both cashflow per share and earnings per share.
The effective date of the transaction is the 8th of March 2018. Under the agreed terms, A.P. Moller-Maersk will receive a consideration of $4.95 billion in Total shares (around 97.5 million shares based on average share price of the 20 business days prior the signing date of the 21st of August 2017) and Total will assume $2.5 billion of Maersk Oils debt.
Key assets of Maersk Oil
North Sea
| 8.44% of the giant Johan Sverdrup oil field, Norway |
| start-up planned in 2019 |
| Phase 1: production capacity of 440,000 boe/d |
| Phase 2: expansion to 660,000 boe/d |
| 49.99% of the Culzean gas field, U.K. |
| start-up planned in 2019 |
| production capacity of 100,000 boe/d |
| 31.2% of the Tyra producing gas field, Denmark |
| start-up of redevelopment phase planned after 2020 |
| redevelopment enabling a production capacity of 55,000 boe/d |
United States
| 25% of the Jack producing oil field |
| production capacity of 50,000 boe/d |
Algeria
| 12.25% of the El-Merk, Hassi Berkine producing oil fields |
| production capacity of 400,000 boe/d |
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.
* * * * *
Total contacts
Media Relations: +33 1 47 44 46 99 l presse@total.com l @TotalPress
Investor Relations: +44 (0)207 719 7962 l ir@total.com
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.
Cautionary Note to U.S. Investors The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to separately disclose proved, probable and possible reserves that a company has determined in accordance with the SEC rules. We may use certain terms in this press release, such as resources, that the SECs guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No. 1-10888 available from us at TOTAL S.A. Tour Coupole 2, place Jean Millier Arche Nord Coupole/Regnault 92078 Paris La Défense Cedex France, or at our website: www.total.com. You can also obtain this form from the SEC by calling 1-800-SEC-0330 or on the SECs website: www.sec.gov.
EXHIBIT 99.11
Announcement
issued in accordance with Article 17 of Instruction DOC-2016-04
of the French Financial Markets Authority (Autorité des Marchés Financiers).
Total completes the acquisition of Maersk Oil and issues 97,522,593 new Total shares for the benefit of A.P. Møller - Mærsk A/S as consideration for the contribution of Maersk Oil shares to Total S.A.
Paris, 8 March 2018
Total announces the completion of the acquisition of Mærsk Olie og Gas A/S (Maersk Oil) as part of the share and debt transaction, announced on 21 August 2017, and the definitive completion of the contribution to Total S.A. by A.P. Møller - Mærsk A/S (Maersk) of all the shares it holds in the share capital of Maersk Oil (the Contributed Shares). Accordingly, Total S.A. has issued 97,522,593 new shares to Maersk as consideration for the contribution of the Contributed Shares. These shares are fully assimilated to all other existing Total S.A. shares and will be admitted to trading on Euronext Paris on the same trading lines as the existing Total shares.
The reasons and terms of the transaction are described hereafter.
1. | Reasons for the transaction |
This operation will enable Total to acquire a company with a growing production, quality assets with a good fit to Total portfolio in core regions. With the integration of Maersk Oil assets, Total will become the second largest operator in the North Sea, will increase the share of conventional assets in OECD countries in its portfolio and will generate commercial, operational and financial synergies.
2. | Terms of the transaction |
a. | Parties to the transaction |
Issuer Beneficiary Company of the Contribution
Total S.A., a French société anonyme incorporated under the laws of France, with a share capital of 6,340,193,800 euros, having its registered office at 2, place Jean Millier, La Défense 6, 92400 Courbevoie, France, registered with the Nanterre trade and companies register under number 542 051 180, (Euronext Paris: FR00000120271).
Contributing Company
A.P. Møller Mærsk A/S, a Danish company incorporated under the laws of Denmark, having its registered office at Esplanaden 50, DK 1098 Copenhagen K, Denmark, registered under the laws of Denmark under number 22 75 62 14.
Company whose shares are contributed
Maersk Olie og Gas A/S, a Danish public limited company incorporated and registered under the laws of Denmark under number 22 75 73 18, having its registered address at Amerika Plads 29 st., 2100 Copenhagen Ø, Denmark.
Maersk Oil, directly and indirectly, carries out business with exploration and extraction of subsurface natural resources in Denmark and elsewhere and business related thereto.
b. | Shares subject to the Contribution |
The Contributed Shares correspond to all the shares held by Maersk in Maersk Oil with a total nominal value of 174,000,000 Danish kroner representing 100% of the share capital and voting rights of Maersk Oil.
c. | Legal framework of the Contribution |
The Contribution is governed by the legal regime applicable to contributions in kind provided for under article L. 225-147 of the French Commercial Code
Pursuant to the delegation granted by the extraordinary and ordinary general meeting of the shareholders of Total S.A. held on 24 May 2016, in its 22nd resolution, the Board of Directors of Total S.A. has, during its meeting dated 7 February 2018, on the basis of the contribution appraisers report on the value of the contributions, approved, subject to the conditions precedent provided for in the Contribution Agreement, the contribution of the Contributed Shares, its valuation and remuneration as well as the Contribution Agreement in all of its terms. The Board of Directors has also decided, subject to the satisfaction of the conditions precedent provided for in the Contribution Agreement, to increase the share capital of the Company by issuing 97,522,593 new Total shares with a nominal value of 2.50 euros each, and has delegated to the Chairman and Chief Executive Officer of the Company the necessary powers to acknowledge the satisfaction of the conditions precedent provided for in the Contribution Agreement and, as a consequence, the issuance of the New Shares, the completion of the share capital increase as consideration for the Contributed Shares and the corresponding amendment of the articles of association of the Company.
By a decision dated 8 March 2018, the Chairman and Chief Executive Officer of the Company, acting upon delegation of the Board of Directors, has acknowledged the satisfaction of the conditions precedent provided for in the Contribution Agreement, the definitive completion of the share capital increase of the Company by way of a contribution in kind to Maersk, as referred to in Clause 4 of the Contribution Agreement, for a total nominal amount of 243,806,482.50 euros divided into 97,522,593 new shares with a nominal value of 2.50 euros each and increased by a total contribution premium of 3,969,627,891.29 euros, bringing the share capital from 6,340,193,800 euros to 6,584,000,282.50 euros divided into 2,633,600,113 shares with a nominal value of 2.50 euros each. The Chairman and Chief Executive Officer has also proceeded to the corresponding amendment of the articles of association.
d. | Valuation terms of the Contribution |
The Contributed Shares have been valued at their fair market value, which was set by the parties at 4,213,434,373.79 euros (the Contribution Value). The value of the Contributed Shares having being initially set between Total and Maersk at 4.950.000.000 dollars, its amount was subsequently converted in euros on the basis of the average exchange rate of the last 20 trading days preceding the 21 August 2017, date of signing of the Share Transfer Agreement (i.e. 1.1748 dollars for one euro).
The valuation of the Contributed Shares has been corroborated by a multi-criteria analysis conducted by Total mainly based on the discounted cash flow method as well as the multiples method.
e. | Remuneration of the Contribution |
For the purpose of calculating the Contributions consideration, Total and Maersk have agreed, to use as Totals share value, the average closing price of the Totals share during the last 20 trading days on Euronext Paris preceding the 21 August 2017, date of signing of the Share Transfer Agreement, namely a value of 43.2047 euros. Total and Maersk considered that such reference was representative of Totals fair value.
On this basis, Total and Maersk have agreed to remunerate the Contribution by the issuance of 97,522,593 new Total shares (the New Shares) of a nominal value of 2.50 euros each, for a total nominal amount of 243,806,482.50 euros.
Therefore, Total have recorded the difference between the Contribution Value, namely 4,213,434,373.79 euros, and the nominal value of the share capital increase of Total, namely 243,806,482.50 euros, on the liabilities side of the balance sheet of Total into a contribution premium account.
Total S.A.s share capital is thus increased to 6,584,000,282.50 euros; the New Shares representing 3.70% of Total S.A.s share capital after issuance.
f. | Date of completion of the Contribution |
The New Shares were issued on 8 March 2018, on which date the Chairman and Chief Executive Officer of the Company, duly authorized by the Board of Directors on 7 February 2018, acting itself upon the delegation of powers granted to it pursuant to the 22nd resolution of the extraordinary and ordinary general meeting of the Company dated 24 May 2016, has acknowledged the satisfaction of all the conditions precedent provided for in the Contribution Agreement and the definitive completion of the share capital increase of Total S.A.
The New Shares are fully assimilated to all other existing Total S.A. shares.
The New Shares shall be admitted to trading on the Euronext Paris on the same trading lines as the existing Total shares.
g. | Assessment of the Value of the Contribution |
Pursuant to the provisions of articles L. 225-147 and R. 225-8 of the French Commercial Code, the firm Ledouble represented by Mrs. Agnès Piniot and the firm Finexsi represented by Mr. Olivier Péronnet were appointed as contribution appraisers (the Contribution Appraisers) by order of the President of the Nanterre Commercial Court dated 30 August 2017, being responsible for the following tasks:
(i) | to assess the value of the Contributed Shares; |
(ii) | to prepare a report on the value of the Contributed Shares containing the information provided by articles L. 225-147 and R. 225-8 of the French Commercial Code stating, notably: |
| the evaluation method adopted for the Contributed Shares as well as the reasons for which such method has been chosen, and |
| an affirmation that the Contributed Shares value is at least equal to the nominal value of the shares to be issued increased, as the case may be, by a contribution premium; and |
(iii) | to the extent necessary, to prepare a report on the consideration for the contributions made, pursuant to the AMFs position-recommendation n° 2011-11. |
The Contribution Appraisers report on the assessment of the value of the Contributed Shares was filed with the registry of the Nanterre Commercial Court in accordance with the laws and regulations in force and was made available to the shareholders of Total S.A. at the Companys registered office.
Conclusion of the Contribution Appraisers on the Contributed Shares
In their report on the value of the Contributed Shares dated 30 January 2018, the Contribution Appraisers state that: Based on our work, at the date of this report, subject to prior satisfaction of the conditions precedent for the Algerian government authorization, our opinion is that the contribution value totaling 4,213,434,373.79 euros is not overstated and, accordingly, that it is at least equal to the amount of the beneficiary companys capital increase, plus the contribution premium.
Conclusion of the Contribution Appraisers on the consideration for the Contribution
In their report on the consideration for the Contribution dated 30 January 2018, the Contribution Appraisers state that: Based on our work and at the date of this report, subject to the effective lifting of the conditions for the approval from the Algerian authorities, we are of the opinion that the consideration for the contribution of the Maersk Oil shares, which consists of the companys entire share capital, agreed by the parties and leading to the issuance of 97,522,593 Total shares, is fair.
The effective completion of the conditions for the approval from the Algerian authorities occurred on February 16, 2018.
EXHIBIT 99.12
Disclosure of Transactions in Own Shares
Paris, March 8, 2018 In accordance with the authorization given by the combined ordinary and extraordinary shareholders general meeting on May 26, 2017 to trade on its shares and pursuant to applicable law on share repurchase, TOTAL S.A. (LEI : 529900S21EQ1BO4ESM68) declares the following purchases of its own shares (FR0000120271) from March 1, 2018 to March 7, 2018:
Transaction date |
Total daily volume (number of shares) |
Daily weighted average purchase price of the shares (EUR/share) |
Amount of transactions (EUR) |
Market (MIC Code) |
||||||||||||
01.03.2018 |
17,500 | 46.4961 | 813,682 | BATE | ||||||||||||
01.03.2018 |
50,000 | 46.4866 | 2,324,330 | CHIX | ||||||||||||
01.03.2018 |
32,500 | 46.4856 | 1,510,782 | TRQX | ||||||||||||
01.03.2018 |
275,281 | 46.4316 | 12,781,737 | XPAR | ||||||||||||
02.03.2018 |
19,055 | 45.7000 | 870,814 | BATE | ||||||||||||
02.03.2018 |
69,647 | 45.6362 | 3,178,424 | CHIX | ||||||||||||
02.03.2018 |
33,441 | 45.6956 | 1,528,107 | TRQX | ||||||||||||
02.03.2018 |
290,295 | 45.5728 | 13,229,556 | XPAR | ||||||||||||
05.03.2018 |
17,030 | 45.7201 | 778,613 | BATE | ||||||||||||
05.03.2018 |
53,363 | 45.7175 | 2,439,622 | CHIX | ||||||||||||
05.03.2018 |
31,305 | 45.7166 | 1,431,160 | TRQX | ||||||||||||
05.03.2018 |
121,114 | 45.7144 | 5,536,657 | XPAR | ||||||||||||
06.03.2018 |
8,500 | 46.2983 | 393,535 | BATE | ||||||||||||
06.03.2018 |
29,000 | 46.2937 | 1,342,518 | CHIX | ||||||||||||
06.03.2018 |
17,500 | 46.2996 | 810,243 | TRQX | ||||||||||||
06.03.2018 |
64,194 | 46.2844 | 2,971,178 | XPAR | ||||||||||||
07.03.2018 |
8,832 | 46.0179 | 406,430 | BATE | ||||||||||||
07.03.2018 |
26,987 | 46.0230 | 1,242,023 | CHIX | ||||||||||||
07.03.2018 |
17,876 | 46.0273 | 822,784 | TRQX | ||||||||||||
07.03.2018 |
165,036 | 45.9795 | 7,588,273 | XPAR | ||||||||||||
|
|
|
|
|
|
|||||||||||
Total |
1,348,456 | 45.9789 | 62,000,467 | |||||||||||||
|
|
|
|
|
|
Transaction details
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation) a full breakdown of the individual trades are disclosed on the Total website: https://www.total.com/en/investors/shares-and-dividends/Total-shares/Company-share-transactions
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.
* * * * *
Total contacts
Media Relations: +33 1 47 44 46 99 l presse@total.com l @TotalPress
Investor Relations: +44 (0)207 719 7962 l ir@total.com
EXHIBIT 99.13
Press Release
Total acquires a 16.33% stake in the Waha Concessions in Libya
Paris, March 02, 2018 - Total has acquired Marathon Oil Libya Limited which holds a 16.33% stake in the Waha Concessions in Libya. This acquisition will give Total access to reserves and resources in excess of 500 million barrels of oil equivalent, with immediate production of around 50,000 barrels of oil equivalent per day (boe/d) and a significant exploration potential across the area of 53,000 square kilometers covered by the Concessions in the prolific Sirte Basin. The consideration payment for the transaction is 450 million U.S. dollars.
This acquisition is in line with Totals strategy to reinforce its portfolio with high quality and low-technical cost assets whilst bolstering our historic strength in the Middle East and North Africa region, said Patrick Pouyanné, Chairman and CEO of Total. It builds on the Groups long-term presence in Libya, a country with very large oil and gas resources, and demonstrates our commitment to continue supporting the recovering oil and gas industry of the country.
The Waha Concessions currently produce around 300,000 boe/d. Thanks to the ongoing restart of the existing installations and the resumption of development drilling, the output is expected to ramp up and exceed 400,000 boe/d by the end of the decade.
The NOC (59.18%), Total (16.33%), ConocoPhillips (16.33%) and Hess (8.16%) jointly own the Waha Concessions. The Waha Oil Company, a 100% NOC owned entity, operates the asset.
Total in Libya
Total has been present in Libya since 1954. In 2017, the Groups production was 31,500 boe/d. This production comes from the offshore Al Jurf field (Total, 37.5%) and the El Sharara onshore area (Total, 15% on block ex-NC 115 and 12% on Block ex-NC 186).
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.
* * * * *
Total contacts
Media Relations: +33 1 47 44 46 99 l presse@total.com l @TotalPress
Investor Relations: +44 (0)207 719 7962 l ir@total.com
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.
Cautionary Note to U.S. Investors The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to separately disclose proved, probable and possible reserves that a company has determined in accordance with the SEC rules. We may use certain terms in this press release, such as resources, that the SECs guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No. 1-10888 available from us at TOTAL S.A. Tour Coupole 2, place Jean Millier Arche Nord Coupole/Regnault 92078 Paris La Défense Cedex France, or at our website: www.total.com. You can also obtain this form from the SEC by calling 1-800-SEC-0330 or on the SECs website: www.sec.gov.
EXHIBIT 99.14
Disclosure of Transactions in Own Shares
Paris, March 1, 2018 In accordance with the authorization given by the combined ordinary and extraordinary shareholders general meeting on May 26, 2017 to trade on its shares and pursuant to applicable law on share repurchase, TOTAL S.A. (LEI : 529900S21EQ1BO4ESM68) declares the following purchases of its own shares (FR0000120271) from February 22, 2018 to February 28, 2018:
Transaction date |
Total daily volume (number of shares) |
Daily weighted average purchase price of the shares (EUR/share) |
Amount of transactions (EUR) |
Market (MIC Code) |
||||||||||||
22.02.2018 |
20,000 | 46.5135 | 930,270 | BATE | ||||||||||||
22.02.2018 |
55,000 | 46.5113 | 2,558,122 | CHIX | ||||||||||||
22.02.2018 |
35,000 | 46.5146 | 1,628,011 | TRQX | ||||||||||||
22.02.2018 |
154,358 | 46.5146 | 7,179,901 | XPAR | ||||||||||||
23.02.2018 |
20,000 | 47.0774 | 941,548 | BATE | ||||||||||||
23.02.2018 |
55,000 | 47.0749 | 2,589,120 | CHIX | ||||||||||||
23.02.2018 |
35,000 | 47.0733 | 1,647,566 | TRQX | ||||||||||||
23.02.2018 |
116,217 | 47.0722 | 5,470,590 | XPAR | ||||||||||||
26.02.2018 |
15,000 | 47.3546 | 710,319 | BATE | ||||||||||||
26.02.2018 |
42,500 | 47.3589 | 2,012,753 | CHIX | ||||||||||||
26.02.2018 |
32,500 | 47.3578 | 1,539,129 | TRQX | ||||||||||||
26.02.2018 |
135,585 | 47.3542 | 6,420,519 | XPAR | ||||||||||||
27.02.2018 |
17,500 | 47.3585 | 828,774 | BATE | ||||||||||||
27.02.2018 |
55,000 | 47.3630 | 2,604,964 | CHIX | ||||||||||||
27.02.2018 |
32,500 | 47.3607 | 1,539,222 | TRQX | ||||||||||||
27.02.2018 |
170,880 | 47.2948 | 8 081 731 | XPAR | ||||||||||||
28.02.2018 |
17,500 | 47.1308 | 824,789 | BATE | ||||||||||||
28.02.2018 |
50,000 | 47.1308 | 2,356,540 | CHIX | ||||||||||||
28.02.2018 |
32,500 | 47.1322 | 1,531,797 | TRQX | ||||||||||||
28.02.2018 |
232,554 | 47.0453 | 10,940,573 | XPAR | ||||||||||||
|
|
|
|
|
|
|||||||||||
Total |
1,324,594 | 47.0606 | 62,336,235 | |||||||||||||
|
|
|
|
|
|
Transaction details
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation) a full breakdown of the individual trades are disclosed on the Total website: https://www.total.com/en/investors/shares-and-dividends/Total-shares/Company-share-transactions
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.
* * * * *
Total contacts
Media Relations: +33 1 47 44 46 99 l presse@total.com l @TotalPress
Investor Relations: +44 (0)207 719 7962 l ir@total.com
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