Edenred’s Board of Directors decided on February 19, 2018 to recommend to the Annual Shareholders Meeting of May 3 setting the 2017 dividend at €0.85 per share. Subject to this recommendation being approved at the Meeting, Edenred shareholders will receive 100% of the dividend in cash or 100% in new Edenred common shares, at the shareholder’s option. The new shares will be issued at a price corresponding to 90% of the average of the opening prices quoted for Edenred shares over the twenty trading days preceding the Annual Shareholders Meeting, i.e. between April 4 and May 2, 2018 included, less the net dividend, rounded up to the nearest euro cent.
Dividend payment timeline
- Record date: May 11, 2018.
- Ex-dividend date: May 14, 2018.
- Period for exercising the dividend reinvestment option: from May 14, 2018 to the close of business on May 25, 2018. Shareholders that do not exercise their reinvestment option by May 25, 2018 included, will receive their total dividend in cash.
- Payment date: June 8, 2018 for both payment methods.
Certain legal restrictions may apply to the reinvestment option for non-resident shareholders. Non-residents of France should enquire about the laws and rules applicable in their country of residence.
For additional information, click here to obtain a copy of the detailed guide posted on the Company's website, edenred.com (Investors/Shareholders section).
This option does not constitute an offer or a solicitation to subscribe to or purchase securities in the United States within the meaning of the U.S. Securities Act of 1933, or in any other country where such transaction would be contrary to the applicable laws and regulations. The dividend reinvestment option is not available in certain countries, such as those where such an option would require registration with, or authorization from, the local securities regulator. Shareholders residing outside France should inquire about and comply with any local restrictions.