Retour

EDENRED (EPA:EDEN) - Edenred: Annual Shareholders Meeting of May 14, 2019

Directive transparence : information réglementée Autres communiqués

14/05/2019 18:02

Press release
May 14, 2019

ANNUAL SHAREHOLDERS MEETING OF MAY 14, 2019

Edenred, the world leader in payment solutions for the working world, held its
Annual Shareholders Meeting in Paris today, chaired by Chairman and Chief
Executive Officer Bertrand Dumazy, and adopted all of the resolutions proposed
by the Board of Directors.

With a quorum of 73.11% and chaired by Chairman and Chief Executive Officer
Bertrand Dumazy, the Annual Shareholders Meeting held in Paris approved all of
the resolutions proposed by the Board of Directors including the payment of a
2018 dividend of EUR0.86 per share, with the option of receiving 100% of the
amount in new shares(1). The dividend will be payable from May 20, 2019. The
reinvestment option may be exercised between May 22 and the close of business
on June 5, 2019. Any shareholder who has not exercised their option by the
close of this period will receive the entire dividend in cash. The dividend
will be paid on June 11, 2019.

The Shareholders Meeting was an opportunity for management team to comment on
the record 2018 financial results, which notably included double-digit organic
operating revenue growth across all the Group's regions and business lines. The
result of the successful implementation of the Fast Forward strategic plan,
this performance reflects Edenred's strong sales momentum and ability to
develop innovative solutions, in particular via its global technology platform.
2018 was also a big year for acquisitions. Thanks to its strong cash flow
generation, the Group continues to provide high shareholder returns while also
maintaining a level of debt enabling a "Strong Investment Grade" BBB+ rating by
Standard and Poor's.

At the Shareholders Meeting, shareholders were provided with the 2019
Integrated Report (available at www.edenred.com) detailing Edenred's business
model, which is undergoing major transformation in response to new trends in
the working world. An overview of the business model during the presentation
demonstrated the Group's ability to generate profitable and sustainable growth,
and to share the fruits of this growth with all of its stakeholders.

Jacques Adoue, Executive Vice President, Human Resources and Corporate Social
Responsibility, and Jeanne Renard, Senior Vice President, Transformation
notably presented Edenred's outreach programs and commitment to diversity
through initiatives such as the signature of France's Diversity Charter at the
beginning of 2019.

(1) Disclaimer: The option to receive the dividend payment in shares 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 option to receive the dividend payment in shares 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.

Following Jean-Bernard Hamel's appointment by Edenred's Works Council as
employee-representative director in June 2018, the Board of Directors now
comprises 11 members, and is in compliance with the AFEP-MEDEF Code with regard
to gender balance and director independence.

The full results of the resolution votes, as well as a summary of the meeting,
will shortly be available in the Investors/Shareholders section of
www.edenred.com.

Edenred, the global leader in payment solutions for the working world, connects
830,000 corporate clients, 47 million employee users and 1.7 million partner
merchants across 46 countries. Thanks to its global technology platform, the
Group managed 2.5 billion transactions in 2018, primarily carried out via
mobile applications, online platforms and cards, and representing more than
EUR28 billion in business volume.
Edenred's 8,500 staff are driven by a commitment to improving employees'
quality of life, increasing companies' efficiency and boosting merchants'
revenues. They achieve this through three business lines:
  - Employee Benefits (food, meals, well-being, leisure, culture and human
    services)
  - Fleet & Mobility Solutions (fuel, tolls, maintenance and business travel)
  - Complementary Solutions including Corporate Payment Services (virtual
    payment cards, identified wire transfers and supplier payments),
    Incentives & Rewards (gift cards and platforms, and incentive programs),
    and Public Social Programs.
Edenred is listed on the Euronext Paris stock exchange and included in the
following indices: CAC Next 20, FTSE4Good, DJSI Europe and MSCI Europe.

For more information: www.edenred.com

The logos and other trademarks mentioned and featured in this press release are
registered trademarks of Edenred S.A., its subsidiaries or third parties. They
may not be used for commercial purposes without prior written consent from
their owners.

CONTACTS

Media Relations

Anne-Sophie Sergent
+33 (0)1 74 31 86 27
anne-sophie.sergent@edenred.com

Matthieu Santalucia
+33 (0)1 74 31 87 42
matthieu.santalucia@edenred.com

Investor and Shareholder Relations

Solène Zammito
+33 (0)1 74 31 88 68
solene.zammito@edenred.com

Loïc Da Silva
+33 (0)1 74 31 87 09
loic.dasilva@edenred.com