EDENRED (EPA:EDEN) - Edenred: Payment of the 2018 dividend
Directive transparence : information réglementée Autres communiqués
14/05/2019 18:02
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Regulated filing
May 14, 2019
PAYMENT OF THE 2018 DIVIDEND
Timeline and process
At their Annual Meeting today, Edenred shareholders approved the payment of a
2018 dividend of EUR0.86 per share, with the option of reinvesting 100% of
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 20, 2019.
* Record date: May 21, 2019.
* Period for exercising the dividend reinvestment option: from May 22, 2019
to the close of business on June 5, 2019. Shareholders that do not exercise
their reinvestment option by June 5, 2019 included, will receive their
total dividend in cash.
* Payment date: June 11, 2019 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 5, 2019 will receive the entire dividend in cash.
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.
The shares created on reinvestment of the dividend will be issued at a price of
EUR36.58, 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.
The new shares will carry dividend rights from January 1, 2019 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 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 5,627,262 new
shares would be issued, representing around 2.3% of the Company's share capital
and 2.3% of the exercisable voting rights, based on total shares and voting
rights outstanding at May 9, 2019.
For additional information, click here to obtain a copy of the detailed guide
posted on the Company's website, edenred.com (Investors/Shareholders
section).
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.
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
Relations presse
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
Relations investisseurs et actionnaires
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
www.edenred.com