(MENAFN- The Peninsula) The Board of Directors of Total met on February 11, 2015 under the chairmanship of Thierry Desmarest, Chairman of the Board of Directors.
It reviewed the consolidated financial statements for the fourth quarter of 2014 and approved the full-year consolidated and parent company financial statements. The Board recommended the payment of a 2014 dividend of ‚¬2.44 per share, which will be submitted to shareholders for approval at the Meeting to be held in Paris on May 29. This amount represents a 2.5 percent increase on the 2013 dividend of ‚¬2.38 per share. The final 2014 dividend would be 0.61 euros per share, unchanged compared to the three interim dividends of 2014.
In accordance with the Company's bylaws, the Board will also propose the alternatives for shareholders to receive the fourth quarter 2014 dividend in cash or in new shares of the company discounted by 10 percent. The Board also decided, upon the recommendation of the Governance & Ethics Committee, to ask shareholders at the Meeting to re-elect Anne-Marie Idrac and Patrick Artus to new three-year terms as directors. The Board decided to propose the nomination of Patrick Pouyanne, CEO, as a director for a three-year term.
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