Total will hold 44 417 802 shares of Direct Energie representing 44 820 386 voting rights, i.e. 95.37% of the share capital and at least 95.33% of the voting rights of this company.
Once the settlement of the shares tendered into the offer has been completed, Total intends to request the implementation of the squeeze-out procedure in accordance with the terms of its public tender offer of July 26, 2018 at a price of €42 per share (dividend attached).
Total is pleased to be in a position to fully benefit from the new perimeter comprised of Direct Energie and the other businesses of its Gas, Renewables & Power (GRP) branch with a view to accelerating its strategy of integration along the gas-electricity value chain in Europe and development of low carbon energies, in line with its ambition to become the responsible energy Major.
