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PARIS - TotalEnergies (EPA:TTEF) SE has announced a significant reduction in its share capital through the cancellation of treasury shares, a move that follows previous capital decreases by the energy giant. The company’s Board of Directors decided to cancel 127,622,460 treasury shares, representing 5.32% of the share capital, with the change taking effect from February 10, 2025.
The shares that were canceled had been repurchased by the company between October 27, 2023, and November 19, 2024. Post-cancellation, TotalEnergies SE’s share count stands at 2,270,057,201, with an equivalent number of voting rights.
This latest reduction in share capital is not the first of its kind for TotalEnergies SE. The company had previously undertaken similar actions, with a cancellation of 86,012,344 treasury shares on September 25, 2023, and another cancellation of 25,405,361 treasury shares on February 12, 2024. These decisions were all made under the authorization granted at the Extraordinary Shareholders’ Meeting on May 25, 2022.
TotalEnergies SE’s approach to managing its share capital reflects its broader financial strategies and is subject to the economic conditions and regulatory environment in which it operates. The company has indicated that these actions are part of its industrial strategy, although it cautions that forward-looking statements about its financial condition, results of operations, and business activities are based on estimates and assumptions that may change due to various risk factors.
The information regarding this share capital reduction is based on a press release statement and does not include speculative or promotional content. It is intended to provide shareholders and the market with factual updates on the company’s capital structure.
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