Dividend payment timeline
- Ex-dividend date: May 14, 2021.
- Record date: May 17, 2021.
- Period for exercising the dividend reinvestment option: from May 18, 2021 to the close of business on June 2, 2021. Shareholders should contact their financial intermediary in order to know the last exercising day of the corresponding financial institution. Shareholders who have not exercised their option before this last exercising day will receive their dividend entirely in cash.
- Payment date: June 9, 2021 for both payment methods.
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 2, 2021 will receive the entire dividend in cash.
The shares created on reinvestment of the dividend will be issued at a price of €41.34, 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 General 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 4,470,094 new shares would be issued, representing around 1.8% of the Company’s share capital and exercisable voting rights, based on total shares and voting rights outstanding at May 7, 2021.
The new shares will carry dividend rights from January 1, 2021 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 9, 2021 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, consult the detailed guide available on this website.