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
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
Preparatory documents for the General Meeting
2019 Universal Registration Document
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
2019 dividend recommended at the General Meeting on May 7, 2020 – Timeline and process
Single voting form and terms of use
Availability of the preparatory documents for the 2020 General Meeting
In light of the current developments in the Coronavirus (Covid-19) pandemic and in accordance with the Law n° 2020-290 dated March 23, 2020 of emergency to deal with Covid-19 and the ordinance n° 2020-321 dated March 25, 2020 and the decree n° 2020-418 dated April 10, 2020 adapting the rules of meeting and deliberation of general meetings, shareholders must use the resources provided by Edenred to participate remotely beforehand, without being physically present, in this General Meeting (which will exceptionally be held in camera), by:
- voting or giving proxy online; or
- voting or giving proxy by post.
Shareholders are invited to favour the use of the Internet to vote or give proxy, in the current circumstances where postal delivery is uncertain.
To this end, the procedures for participating beforehand remotely are described in detail in particular in the meeting notice and the convening notice and brochure. The organization of the General Meeting may evolve in accordance with the public health situation and legislative and regulatory requirements. Shareholders are therefore invited to regularly check this section of Edenred’s website, dedicated to the General Meeting.
The Chairman and Chief Executive Officer, acting pursuant to a delegation granted by the Board of Directors, has appointed Ms. Françoise Gri (Lead Independent Director and Vice-Chairman of the Board of Directors of Edenred) and Mr. Patrick Bataillard (Executive Vice-President, Finance, of Edenred) as scrutineers (scrutateurs) for the General Meeting.
It is also specified that the General Meeting will be broadcast on a deferred basis on the Company's website.
Under French law, General Meetings can be either:
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).
It is specified that in light of the current developments in the Coronavirus (Covid-19) pandemic, shareholders must use the resources provided by Edenred to participate remotely beforehand, without being physically present, in the 2020 Combined General Meeting (which will exceptionally be held in camera).
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 (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 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.
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 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 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.
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.