Send
Print
Mondo79
On October 30, 2025, the firm declared the discontinuation of its ADR program and their transformation into common shares at a 1:1 ratio.
The company's CEO, Patrick Pouyanné, previously mentioned that the consideration of securing a US listing to replace ADRs was prompted by the increasing number of American shareholders.
"The conversion will also address the issues related to ADRs, broaden the access to more assets under management (AUM) of institutional investment funds, and enhance trading liquidity," the company said.
By the conclusion of the second quarter of 2025, North America comprised over 50% of the company's institutional investors, which amounted to around 38% of all shareholders.
The conversion will not impact the existing listing on Euronext and will leave the company's structure or management unchanged. "TotalEnergies SE will continue to be a European firm registered in France, and its headquarters will still be based in France," the company highlights.
source: ft.com
The company's CEO, Patrick Pouyanné, previously mentioned that the consideration of securing a US listing to replace ADRs was prompted by the increasing number of American shareholders.
"The conversion will also address the issues related to ADRs, broaden the access to more assets under management (AUM) of institutional investment funds, and enhance trading liquidity," the company said.
By the conclusion of the second quarter of 2025, North America comprised over 50% of the company's institutional investors, which amounted to around 38% of all shareholders.
The conversion will not impact the existing listing on Euronext and will leave the company's structure or management unchanged. "TotalEnergies SE will continue to be a European firm registered in France, and its headquarters will still be based in France," the company highlights.
source: ft.com
