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TotalEnergies: board backs changing ADRs into shares

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TotalEnergies: board backs changing ADRs into shares

Oct 2, 2024 11:08 PM

PARIS, Oct 2 (Reuters) - The board of TotalEnergies

supports transforming the company's American

Depositary Receipts (ADRs) into shares if such a move was

technically feasible, said the company's chairman and CEO

Patrick Pouyanne.

"It's a work in progress, if it is technically feasible, we

intend to make this transformation, the ADRs represent 9 percent

of shares today," he told an investor presentation.

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