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General Meeting

General Meetings are major events in the life of your Company, because they offer an opportunity for you to come together at least once a year and cast your vote on important issues.

The information about the 2020 General Meeting is presented below.

On this section, access to

2021 General Meeting 2021 General Meeting

The Annual General Meeting will be held on May 11, 2021.

 

2020 General Meeting 2020 General Meeting

The Annual General Meeting took place on May 7, 2020 at 10.00 am (CEST) at Edenred's registered office.

The General Meeting was held in camera due to the Covid-19 pandemic, in accordance with French emergency law n° 2020-290 dated March 23, 2020 to respond to Covid-19, ordinance n° 2020-321 dated March 25, 2020, and government order n° 2020-418 dated April 10, 2020 adapting the rules of meeting and deliberation of general meetings.

A delayed broadcast of the General Meeting, along with all related documents, is accessible below.

Recommended dividend at the Annual General Meeting

2020 General Meeting presentation (French version)

The Combined General Meeting of May 7, 2020 adopts all resolutions (press release)

Extract from the minutes of the 2020 General Meeting (French version)

 

Vote results

Number of shareholders present or represented at the meeting, 2,018 corresponding to:

  • 192,847,715 shares
  • 196,151,835 voting rights

Vote results

 

Preparatory documents for the General Meeting

2019 Universal Registration Document

Convening brochure

Guide to participating remotely beforehand in the General Meeting on May 7, 2020

Meeting notice published in the BALO (French legal gazette) on April 1, 2020 (French version)

Disclosure of Share Capital and Voting Rights as of March 31, 2020

Edenred, a responsible group taking action alongside people at work amid the Covid-19 epidemic (press release published on April 7, 2020)

2019 dividend recommended at the General Meeting on May 7, 2020 – Timeline and process

Dividend reinvestment – FAQs

Single voting form and terms of use

Addendum dated April 9, 2020 to the Board of Directors’ presentation of the resolutions proposed to the 2020 General Meeting

Amendment (to the meeting notice) published in the BALO (French legal gazette) on April 10, 2020 (French version only)

Availability of the preparatory documents for the 2020 General Meeting

Certificate relating to the global amount and recipient list of patronage and sponsorship initiatives (French version only)

Certificate relating to the global amount of compensation paid to the highest-paid individuals (French version only)

Consolidated draft of Edenred's amended bylaws as of May 7, 2020 – subject to approval by the 2020 GM

Convening notice published in the BALO (French legal gazette) on April 20, 2020 (French version only)
 

 

Under French law, General Meetings can be either: 

Ordinary

[corresponds to Annual Meetings in the United States and Britain
An Ordinary General Meeting must be held within six months after the end of the financial year (December 31, in the case of Edenred). In particular, management presents detailed information on the Company’s business and financial results. Shareholders are asked to vote, in particular, on the accounts of the past financial year and the setting of the dividend, the appointments or renewals of directors and statutory auditors and the corporate officers’ compensation.

Extraordinary

[corresponds to Special Meetings in the United States and Britain]
Shareholders are asked to vote, in particular, on changes in Edenred’s by-laws or financial authorizations granted to the Board of Directors to increase the share capital.
 

Combined

Meeting combining an ordinary part and an extraordinary part, held on the same day.

How to participate in a General Meeting? Participate in a General Meeting

To participate in the General Meeting, your shares have to be recorded in your name (or that of a registered intermediary) on the second (2nd) business day preceding the General Meeting at midnight - CET (the “record date”). The record date is indicated in the meeting notice as well as in the convening notice and brochure.

The date of the General Meeting is announced several weeks in advance via:

  • the Shareholders’ Letter;
  • the financial press releases;
  • this website’s calendar; 
  • the « BALO » (Bulletin des Annonces Légales Obligatoires – French legal gazette).

 

If you are a registered shareholder

If you are a registered shareholder for at least one month at the date of the convening notice, you will receive directly the convening brochure by post.

It includes the information you need to participate in the General Meeting (such as an overview of Edenred’s and the Group’s business and financial position, the agenda, the proposed resolutions submitted to the vote of shareholders and the procedure to participate in the General Meeting) as well as a single form to vote by post or by proxy or to request an admission card (the registered shareholder should use the prepaid envelope provided with the convening brochure to return the completed, dated and signed form) and a form to request documents and information.  

Edenred is also giving the possibility to request an admission card, to vote or to give proxy online via a secure online voting platform called “Votaccess”, in accordance with the conditions set out in particular in the convening brochure.

If you do not receive your admission card in time, you may still come to the Meeting, you will be issued an admission card at the registration desk. This is not the usual procedure, however, and we request that you avoid it if at all possible.

Since 2015, Edenred is giving its registered shareholders the possibility to be convened electronically. Registered shareholders who have opted for an electronic convening receive an email including the documents relating to the General Meeting and informing them that they can vote on the secure online voting platform “Votaccess”. This responsible initiative is part of an environment-friendly approach, making it possible to limit the use of paper if you agree to subscribe to it.
If you wish to sign up to the electronic convening, go to www.sharinbox.societegenerale.com in the “My Account” / “My profile” tab. Check your email address in the “Personal contact details” section and click on “Subscribe for free” in the “E-services” menu.
 

If you are a bearer shareholder

You should be able to obtain these documents from your financial intermediary. They are also available on this webpage. 

You may choose to request an admission card, to vote or to give proxy by post.
To this end, you must complete the single form (please do not forget to date and sign it), indicate your full name and address (or verify your details if already indicated) and send it to your financial intermediary. The latter will then send it to Société Générale Securities Services for Edenred, along with the certificate of share ownership justifying the registration of your shares on the record date (see above).

Edenred is also giving the possibility to request an admission card, to vote or to give proxy online via a secure online voting platform called “Votaccess”, in accordance with the conditions set out in particular in the convening brochure.
Only bearer shareholders whose financial intermediary has joined the Votaccess system and offers this service to them for the relevant General Meeting will have access. The financial intermediary of the bearer shareholders who has not joined Votaccess or requires the fulfillment of certain conditions for its use, will indicate how to proceed to the said shareholders.

If you do not receive your admission card in time, you may still come to the Meeting provided that you have your certificate of ownership, you will be issued an admission card at the registration desk. This is not the usual procedure, however, and we request that you avoid it if at all possible.

 

Quorum and majority Quorum and majority

The General Meeting may validly deliberate only if the required quorum is reached, namely:

  • in case of an Ordinary General Meeting (OGM): 20% of the shares carrying voting rights must be represented on first call – I.e. first convening to attend the General Meeting (if the quorum is not reached on first call, no quorum is required on second call); 
  • in case of an Extraordinary General Meeting (EGM): 25% of the shares carrying voting rights must be represented on first call and (if the quorum is not reached on first call) 20% of the shares carrying voting rights must be represented on second call.

The General Meeting decides on resolutions:

  • at OGM: by a majority of the votes cast by the shareholders (i.e. 50% plus one); 
  • at EGM: by a two-thirds majority of the votes cast by the shareholders. 

The votes cast do not include those attached to the shares for which the shareholder did not take part in the vote, abstained or voted blank or void.

 

Voting processVoting process

To facilitate voting and to process and display voting results more quickly, Edenred uses an electronic voting system managed by Société Générale Securities Services. 

As they enter the Meeting, shareholders are provided with an easy-to-use handheld device enabling them to vote on the resolutions. 

Final results are processed immediately and displayed just a few seconds after each vote.