At the Annual Meeting on May 3, 2018, Edenred shareholders approved the payment of a 2017 dividend of €0.85 per share, with the option of reinvesting 100% of the dividend in new shares.
The option of reinvesting the dividend in shares was available from May 14 to May 25, 2018. This led to the issuance of 3,863,610 new shares of Edenred common stock, representing 1.64% of the share capital, which will be settled and begin trading on the Euronext Paris stock market on June 8, 2018.
The new shares carry dividend rights from January 1, 2018 and rank pari passu with existing shares of Edenred common stock. Following the issue, the Company’s share capital comprises 239,266,350 shares.
The total cash dividend, in an amount of €104 million , will be paid on June 8, 2018.