TotalEnergies SE: Disclosure of Transactions in Own Shares
TotalEnergies SE has disclosed its transactions of own shares from June 10 to June 14, 2024, as authorized by the shareholders' meeting on May 24, 2024. The company repurchased a total of 2,753,885 shares over five days, with a daily weighted average purchase price of €63.55 per share. The total amount spent on these transactions was approximately €175 million. The transactions occurred on multiple markets including XPAR, CEUX, TQEX, and AQEU. This disclosure aligns with Article 5(1)(b) of Regulation (EU) No 596/2014 (Market Abuse Regulation).
- TotalEnergies SE repurchased 2,753,885 shares, indicating strong liquidity and financial health.
- The average purchase price per share was €63.55, suggesting a strategic buyback at a potentially favorable price.
- The total expenditure of approximately €175 million demonstrates the company's robust financial capability.
- Repurchase of shares worth €175 million implies significant cash outflow which may impact liquidity for other operations.
- Share buybacks can be seen as a lack of better investment opportunities within the company.
- The share price showed a slight decline from €64.61 to €61.54 over the transaction period, indicating potential market concerns.
In accordance with the authorizations given by the shareholders’ general meeting on May 24,2024, to trade on its shares and pursuant to applicable law on share repurchase, TotalEnergies SE (LEI: 529900S21EQ1BO4ESM68) (Paris:TTE) (LSE:TTE) (NYSE:TTE) declares the following purchases of its own shares (FR0000120271) from June 10 to June 14, 2024:
Transaction Date |
Total daily volume (number of shares) |
Daily weighted average purchase price of shares (EUR/share) |
Amount of transactions (EUR) |
Market (MIC Code) |
10/06/2024 |
356,729 |
64.612217 |
23,049,051.56 |
XPAR |
10/06/2024 |
150,000 |
64.601231 |
9,690,184.65 |
CEUX |
10/06/2024 |
20,000 |
64.573336 |
1,291,466.72 |
TQEX |
10/06/2024 |
15,000 |
64.616080 |
969,241.20 |
AQEU |
11/06/2024 |
337,148 |
64.558661 |
21,765,823.44 |
XPAR |
11/06/2024 |
170,000 |
64.566557 |
10,976,314.69 |
CEUX |
11/06/2024 |
20,000 |
64.467715 |
1,289,354.30 |
TQEX |
11/06/2024 |
15,000 |
64.564947 |
968,474.21 |
AQEU |
12/06/2024 |
360,080 |
64.209254 |
23,120,468.18 |
XPAR |
12/06/2024 |
150,000 |
64.214648 |
9,632,197.20 |
CEUX |
12/06/2024 |
20,000 |
64.195870 |
1,283,917.40 |
TQEX |
12/06/2024 |
15,000 |
64.225298 |
963,379.47 |
AQEU |
13/06/2024 |
366,230 |
62.924431 |
23,044,814.37 |
XPAR |
13/06/2024 |
150,000 |
62.921175 |
9,438,176.25 |
CEUX |
13/06/2024 |
25,000 |
62.913506 |
1,572,837.65 |
TQEX |
13/06/2024 |
15,000 |
62.942473 |
944,137.10 |
AQEU |
14/06/2024 |
383,698 |
61.536239 |
23,611,331.83 |
XPAR |
14/06/2024 |
150,000 |
61.553414 |
9,233,012.10 |
CEUX |
14/06/2024 |
20,000 |
61.552785 |
1,231,055.70 |
TQEX |
14/06/2024 |
15,000 |
61.639090 |
924,586.35 |
AQEU |
Total |
2,753,885 |
63.546526 |
174,999,824.35 |
|
Transaction details
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation) a full breakdown of the individual trades are disclosed on the TotalEnergies website: https://totalenergies.com/investors/shares-and-dividends/total-shares/info/company-share-transactions
About TotalEnergies
TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations.
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Cautionary Note
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. TotalEnergies SE has no liability for the acts or omissions of these entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).
View source version on businesswire.com: https://www.businesswire.com/news/home/20240617344774/en/
TotalEnergies Contacts
Media Relations:+33 (0)1 47 44 46 99l presse@totalenergies.com l @TotalEnergiesPR
Investor Relations:+33 (0)1 47 44 46 46 l ir@totalenergies.com
Source: TOTALENERGIES SE
FAQ
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