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May 04, 2016

Payment of the 2015 dividend

At their Annual Meeting today, Edenred shareholders approved the payment of a 2015 dividend of €0.84 per share, with the option of reinvesting 50% of their dividend in new shares.

This means that shareholders will receive:

  • 50% of their dividend, or €0.42, in cash; and
  • 50% of their dividend in cash or new Edenred common shares, at the shareholder’s option<:li>

 

Dividend payment timeline

  • Record date:
    • May 11, 2016 for the payment of the dividend subject to option
    • May 13, 2016 for the payment of the cash dividend
  • Ex-dividend date: May 12, 2016
  • Period for exercising the dividend reinvestment option: from May 12 to the close of business on June 3, 2016. Shareholders that do not exercise their reinvestment option by June 3, 2016 will receive their total dividend in cash.
  • Dividend payment date: June 15, 2016 for both payment methods

 

Reinvestment procedure

To reinvest their dividend, shareholders must so inform the bank or broker that manages their shares, or, if their shares are registered in the Company's share register, the custodian bank. Shareholders who have not opted to reinvest by June 3, 2016 will receive the entire dividend in cash.

Certain legal restrictions may apply to the reinvestment option for non-resident shareholders. Nonresidents of France should enquire about the laws and rules applicable in their country of residence.

The shares created on reinvestment of the dividend will be issued at a price of €15.14, corresponding to 90% of the average of the opening prices quoted for Edenred shares over the twenty trading days on the Euronext Paris preceding the Annual Shareholders Meeting, less the amount of the dividend and rounded up to the nearest euro cent.

If the amount of the reinvested dividend does not correspond to a whole number of shares, the shareholder may receive the next lower number of shares and the balance in cash.

If all of the eligible dividend is reinvested, a maximum of 6,339,999 new shares would be issued, representing around 2.75% of the Company’s share capital and 2.51% of the exercisable voting rights, based on total shares and voting rights outstanding at April 30, 2016.

Disclaimer: 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.

 

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