Registration document 2011 - tota - Total.com

the Board of Directors decided on July 30, 2009 to cancel
24,800,000 shares accounted for as long-term securities in the
parent company’s financial statements. This authorization will
no longer be valid from the date of the Shareholders’ Meeting held
to approve the financial statements for the year ended
December 31, 2011.
Based on 2,363,767,313 shares outstanding as of December 31,
2011, and until the end of the Shareholders’ Meeting called
to approve the accounts for the financial year ending on
December 31, 2011, the Company may cancel a maximum
of 236,376,731 shares up to and including December 31, 2011,
before reaching the cancellation threshold of 10% of share capital
canceled during a 24-month period.
3.2.5. Reallocation for other approved
purposes during fiscal year 2011
Shares purchased by the Company under the authorization granted
by the Shareholders’ Meeting of May 16, 2008, or under previous
authorizations, were not reallocated in 2011 to purposes other than
those initially specified at the time of purchase.
Summary table of transactions completed by the Company involving its own shares from March 1, 2011 to February 29, 2012 (a) :
Number of shares - - Bought Forward Sold Forward
- - calls purchases calls sells
Number of shares - - - - - -
Average maximum maturity date - - - - - –
Average transaction price (€) - - - - - –
Average exercise price - - - - - –
Amounts (M€) - - - - - –
(a) In compliance with the applicable regulations as of February 29, 2012, the period indicated commenced the day after the date used as a reference for the publication of information
regarding the previous program (Registration Document 2010).
Moreover, 2,934,047 TOTAL shares were sold between March 1, 2011 and February 29, 2012 further to the final grant of shares as part of
the share grant plans.
As of February 29, 2012
3.2.6. Conditions for the buyback
and use of derivative products
Between January 1, 2011 and February 29, 2012, the Company
did not use any derivative products on the financial markets as part
of the share buyback programs successively authorized by the
Shareholders’ Meeting on May 21, 2010 and the Shareholders’
Meeting on May 13, 2011.
3.2.7. Shares held in the name
of the Company and its subsidiaries
as of February 29, 2012
TOTAL and its shareholders
Share buybacks 6
As of February 29, 2012, the Company held 9,221,513 treasury
shares, representing 0.39% of TOTAL’s share capital. By law, the
voting rights and dividend rights of these shares are suspended.
After taking into account the shares held by Group subsidiaries
that are entitled to a dividend but deprived of voting rights, the total
number of TOTAL shares held by the Group as of February 29,
2012 was 109,552,781, representing 4.63% of TOTAL’s share
capital, comprised of, on the one hand, 9,221,513 treasury
shares, including 6,711,356 shares held to cover restricted share
grants and 2,510,157 shares to cover new share purchase option
plans or new restricted share grants and, on the other hand,
100,331,268 shares held by subsidiaries.
Gross cumulated flows Open positions as of February 29, 2012
Purchases Sales Open buy positions Open sell positions
Percentage of share capital held by TOTAL S.A. 0.39%
Number of shares held in portfolio (a) 9,221,513
Book value of portfolio (at purchase price) (M€) 364
Market value of the portfolio (M€) (b) 387
Percentage of capital held by the entire Group (c) 4.63%
Number of shares held in portfolio 109,552,781
Book value of portfolio (at purchase price) (M€) 3,390
Market value of the portfolio (M€) (b) 4,600
(a) TOTAL S.A. did not buy back any shares during the 3 business days preceding February 29, 2012. As a result, TOTAL S.A. owns all the shares held in portfolio as of this date.
(b) Based on a closing price of €41.99 per share as of February 29, 2012.
(c) TOTAL S.A., Total Nucléaire, Financière Valorgest, Sogapar and Fingestval.
Registration Document 2011. TOTAL 147