Home / Knowledge / News / Textiles / Total moots group shareholding savings plan for employees
Total moots group shareholding savings plan for employees
Mar '08
At its meeting held on November 6, 2007, the Board of Directors of TOTAL S.A. decided to carry out a capital increase programme reserved for employees of the Group, with a subscription price of 44.40 euros per share.

This price is the average of the opening market price on the Paris Stock Exchange for the 20 trading days preceding the Board's meeting, minus a 20% discount.

The subscription period will be open from March 10, 2008 up to and including March 28, 2008.

This capital increase will be reserved for employees of TOTAL S.A. and its french and foreign affiliates in which Total directly or indirectly holds at least 50% of the capital, provided that such affiliates participate in the Group Shareholding Savings Plan.

The reserved capital increase will be simultaneously launched in the countries where the Group is present, local tax and legal requirements permitting.

• To be eligible to subscribe, employees must have been employed by the Group for at least three month's at the end of the subscription period.

• Subscriptions may be made for amounts of at least 50 euros (converted into local currency for subscribers outside the euro zone). Due to local regulations, in some countries subscriptions must be made for a whole number of shares.

• The amount of an employee's subscription may not exceed one-fourth of his or her 2008 gross annual compensation.

• The shares issued under this program will bear dividend rights from January 1, 2007. As a result, they will have rights to the interim dividend of 1€, which will be paid at the date of creation of the shares, as well as to the balance of the dividend for fiscal 2007 to be paid in May 2008.

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search