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 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

(left to right) Rohit Munjal, Ashok  Shah, Rahul Mehta, Premal Udani, Rajesh Masand and Jayesh  Shah

Textiles | On 28th Jun 2017

CMAI to host 822 exhibitors at 65th National Garment Fair

The Clothing Manufacturers Association of India (CMAI) will host over ...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Urs Stalder
Sanitized AG

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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:
July 2017

July 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