Timeline and process
Edenred’s Board of Directors decided on February 20, 2019 to recommend to the Annual Shareholders Meeting of May 14 setting the 2018 dividend at €0.86 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 11 and May 13, 2019 included, less the net dividend, rounded up to the nearest euro cent.
Dividend payment timeline
- Ex-dividend date: May 20, 2019.
- Record date: May 21, 2019.
- Period for exercising the dividend reinvestment option: from May 22, 2019 to the close of business on June 5, 2019. Shareholders that do not exercise their reinvestment option by June 5, 2019 included, will receive their total dividend in cash.
- Payment date: June 11, 2019 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.