On February 8, 2021, 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 TOTAL SE by way of cancellation of 23,284,409 treasury shares representing 0.88% of the share capital.
According to Total, “These shares were repurchased from October 31, 2019, to March 9, 2020, within the framework of the $5 billion share buyback program over the 2018-2020 period decided by the Board of Directors on February 7, 2018, and then suspended by the Company as announced to the market on March 23, 2020.
“After this cancellation of shares, the number of shares of TOTAL SE is 2,629,839,616, and the number of voting rights that can be exercised at the Shareholders’ Meeting is 2,784,247,543.
“The total number of voting rights attached to these 2,629,839,616 shares (referred to as ‘theoretical voting rights’) is 2,785,349,437, including the voting rights attached to the 1,101,894 treasury shares held by TOTAL 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 TOTAL SE, the number of fully diluted weighted-average shares and earnings per share.”
It added: “Total is a broad energy company that produces and markets fuels, natural gas, and electricity. Our 100,000 employees are committed to better energy that is safer, more affordable, cleaner, and accessible to as many people as possible.”
