The Autorité des marchés financiers (AMF) published the results of the public tender offer initiated by Total on Saft Groupe. Following the settlement-delivery of the offer which is expected to occur on July 21, 2016, Total will hold 23,456,093 Saft Groupe shares representing 90.14 percent of the capital and voting rights of Saft Groupe based on the total number of shares outstanding as of July 12, 2016.
According to the General Regulation of the AMF, the public tender offer initiated by Total will be re-opened from July 19 to August 2, 2016, in order to allow shareholders who have not yet disposed of their shares to do so under the same terms. Total confirms its intention to prioritize investment over dividend payout and will proceed with a delisting of the stock if a level of 95 percent of the capital and voting rights of Saft Groupe is reached.
The document relating to the offer is available on the websites of the AMF (amf-France.org) and Total (total.com), and is also available free of charge upon request at the offices of Total and BNP Paribas.