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May 07, 2020

Payment of the 2019 dividend – Timeline and process

At their Annual Meeting on May 7, 2020, Edenred shareholders approved the payment of a 2019 dividend of €0.70 per share, with the option of reinvesting their dividend in new shares. This means that shareholders will receive 100% of the dividend in cash or 100% in new Edenred common shares, at the shareholder’s option.

Dividend payment timeline

  • Ex-dividend date: May 13, 2020.
  • Record date: May 14, 2020.
  • Period for exercising the dividend reinvestment option: from May 15, 2020 to the close of business on May 29, 2020. Shareholders that do not exercise their reinvestment option by May 29, 2020 included, will receive their total dividend in cash.
  • Payment date: June 5, 2020 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 May 29, 2020 will receive the entire dividend in cash.

The shares created on reinvestment of the dividend will be issued at a price of €32.39, 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 all of the eligible dividend is reinvested, a maximum of 5,256,048 new shares would be issued, representing around 2.2% of the Company’s share capital and 2.1% of the exercisable voting rights, based on total shares and voting rights outstanding at May 4, 2020.

The new shares will carry dividend rights from January 1, 2020 and rank pari passu with existing shares of Edenred common stock. They will begin trading in compartment A of the Euronext Paris stock exchange (ISIN: FR0010908533) on June 10, 2019 on the same line as existing shares.

If the amount of the dividends for which the option is exercised does not correspond to a whole number of shares, the shareholder will receive the lower whole number of shares and the balance in cash from Edenred.

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).
 

Read the press release
 

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