Registration document 2007 - Total.com
Registration document 2007 - Total.com
Registration document 2007 - Total.com
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9<br />
17) Shareholders’ equity<br />
Number of TOTAL shares<br />
The Company’s <strong>com</strong>mon shares, par value 2.50 euros per share,<br />
as of December 31, 2006 are the only category of shares.<br />
Following the decision of the Shareholders’ Meeting held on<br />
May 12, 2006, through the fifteenth resolution, a four-for-one<br />
stock split took place on May 18, 2006. Shares may be held in<br />
either bearer or registered form.<br />
Double voting rights are granted to holders of shares that are<br />
entirely paid in and held in the name of the same shareholder for<br />
at least two years, with due consideration for the total portion of<br />
the share capital represented. Double voting rights are also<br />
assigned to restricted shares in the event of an increase in share<br />
capital by incorporation of reserves, profits or premiums based<br />
on shares already held that are entitled to double voting rights.<br />
202<br />
Appendix 1 – Consolidated financial statements<br />
Notes to the consolidated financial statement<br />
TOTAL – <strong>Registration</strong> Document 2006<br />
Pursuant to the Company’s by-laws (statuts) no shareholder may<br />
cast a vote at a Shareholders’ Meeting, either by himself or<br />
through an agent, representing more than 10% of the total voting<br />
rights for the Company’s shares. This limit applies to the<br />
aggregated amount of voting rights held directly, indirectly or<br />
through voting proxies. However, in the case of double voting<br />
rights, this limit may be extended to 20%.<br />
These restrictions no longer apply if any individual or entity, acting<br />
alone or in concert, acquires at least two-thirds of the total share<br />
capital of the Company following a public tender offer for all of<br />
the Company’s shares.<br />
The authorized capital amounts to 4,081,629,794 shares as of<br />
December 31, 2006 against 1,034,280,640 as of December 31,<br />
2005 and 1,069,761,134 as of December 31, 2004 (or<br />
respectively 4,137,122,560 and 4,279,044,536 pursuant to the<br />
four-for-one stock split of May 18, 2006).<br />
Restated<br />
Historical historical<br />
figures figures (e)<br />
As of January 1, 2004 649,118,236 2,596,472,944<br />
Shares issued in connection with: Capital increase reserved for employees 3,434,830 13,739,320<br />
Exercise of TOTAL share subscription options 950 3,800<br />
Exchange guarantee offered to the beneficiaries of Elf Aquitaine share<br />
subscription options 2,335,024 9,340,096<br />
Cancellation of shares (a) (19,873,932) (79,495,728)<br />
As of January 1, 2005 635,015,108 2,540,060,432<br />
Shares issued in connection with: Exercise of TOTAL share subscription options 133,257 533,028<br />
Exchange guarantee offered to the beneficiaries of Elf Aquitaine share<br />
subscription options 1,043,499 4,173,996<br />
Cancellation of shares (b) (21,075,568) (84,302,272)<br />
As of January 1, 2006 615,116,296 2,460,465,184<br />
Shares issued in connection with: Four-for-one split of share par value 1,845,348,888 -<br />
Capital increase reserved for employees 11,141,320 11,141,320<br />
Exercise of TOTAL share subscription options 849,319 849,319<br />
Exchange guarantee offered to the beneficiaries of Elf Aquitaine share<br />
subscription options 332,130 332,130<br />
Cancellation of shares (c) (47,020,000) (47,020,000)<br />
As of December 31, 2006 (d) 2,425,767,953 2,425,767,953<br />
(a) Decided by the Board of Directors on November 9, 2004.<br />
(b) Decided by the Board of Directors on July 19, 2005 and November 3, 2005.<br />
(c) Decided by the Board of Directors on July 18, 2006.<br />
(d) Including 161,200,707 treasury shares deducted from consolidated shareholders’ equity.<br />
(e) Historical figures are recalculated to reflect the four-for-one stock split of May 18, 2006.