Registration document 2007 - Total.com

9
17) Shareholders’ equity
Number of TOTAL shares
The Company’s common shares, par value 2.50 euros per share,
as of December 31, 2006 are the only category of shares.
Following the decision of the Shareholders’ Meeting held on
May 12, 2006, through the fifteenth resolution, a four-for-one
stock split took place on May 18, 2006. Shares may be held in
either bearer or registered form.
Double voting rights are granted to holders of shares that are
entirely paid in and held in the name of the same shareholder for
at least two years, with due consideration for the total portion of
the share capital represented. Double voting rights are also
assigned to restricted shares in the event of an increase in share
capital by incorporation of reserves, profits or premiums based
on shares already held that are entitled to double voting rights.
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Appendix 1 – Consolidated financial statements
Notes to the consolidated financial statement
TOTAL – Registration Document 2006
Pursuant to the Company’s by-laws (statuts) no shareholder may
cast a vote at a Shareholders’ Meeting, either by himself or
through an agent, representing more than 10% of the total voting
rights for the Company’s shares. This limit applies to the
aggregated amount of voting rights held directly, indirectly or
through voting proxies. However, in the case of double voting
rights, this limit may be extended to 20%.
These restrictions no longer apply if any individual or entity, acting
alone or in concert, acquires at least two-thirds of the total share
capital of the Company following a public tender offer for all of
the Company’s shares.
The authorized capital amounts to 4,081,629,794 shares as of
December 31, 2006 against 1,034,280,640 as of December 31,
2005 and 1,069,761,134 as of December 31, 2004 (or
respectively 4,137,122,560 and 4,279,044,536 pursuant to the
four-for-one stock split of May 18, 2006).
Restated
Historical historical
figures figures (e)
As of January 1, 2004 649,118,236 2,596,472,944
Shares issued in connection with: Capital increase reserved for employees 3,434,830 13,739,320
Exercise of TOTAL share subscription options 950 3,800
Exchange guarantee offered to the beneficiaries of Elf Aquitaine share
subscription options 2,335,024 9,340,096
Cancellation of shares (a) (19,873,932) (79,495,728)
As of January 1, 2005 635,015,108 2,540,060,432
Shares issued in connection with: Exercise of TOTAL share subscription options 133,257 533,028
Exchange guarantee offered to the beneficiaries of Elf Aquitaine share
subscription options 1,043,499 4,173,996
Cancellation of shares (b) (21,075,568) (84,302,272)
As of January 1, 2006 615,116,296 2,460,465,184
Shares issued in connection with: Four-for-one split of share par value 1,845,348,888 -
Capital increase reserved for employees 11,141,320 11,141,320
Exercise of TOTAL share subscription options 849,319 849,319
Exchange guarantee offered to the beneficiaries of Elf Aquitaine share
subscription options 332,130 332,130
Cancellation of shares (c) (47,020,000) (47,020,000)
As of December 31, 2006 (d) 2,425,767,953 2,425,767,953
(a) Decided by the Board of Directors on November 9, 2004.
(b) Decided by the Board of Directors on July 19, 2005 and November 3, 2005.
(c) Decided by the Board of Directors on July 18, 2006.
(d) Including 161,200,707 treasury shares deducted from consolidated shareholders’ equity.
(e) Historical figures are recalculated to reflect the four-for-one stock split of May 18, 2006.