Payment of the 2016 dividend

At their Annual Meeting yesterday, Edenred shareholders approved the payment of a 2016 dividend of €0.62 per share, with the option of reinvesting 50% of their dividend in new shares.

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This means that shareholders will receive:
• 50% of their dividend, or €0.31, in cash; and

• 50% of their dividend in cash or new Edenred common shares, at the shareholder’s option

Dividend payment timeline

•   Record date:
-   May 11, 2017 for the payment of the dividend subject to option.
-   May 15, 2017 for the payment of the cash dividend.
•   Ex-dividend date: May 12, 2017
•   Period for exercising the dividend reinvestment option: from May 12 to the close of business on June 2, 2017. Shareholders may opt to reinvest only during this period. Shareholders that do not exercise their reinvestment option by June 2, 2016 will receive their total dividend in cash.
•   Dividend payment date: June 15, 2017, regardless of whether the dividend is reinvested or not.

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 2, 2017 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 €20.18, 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, 2017 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 15, 2017 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 3,565,985 new shares would be issued, representing around 1.52% of the Company’s share capital and 1.50% of the exercisable voting rights, based on total shares and voting rights outstanding at April 30, 2017.

Download the press release (PDF, 345.2 KB)

About

Edenred is a leading digital platform for services and payments and the everyday companion for people at work, connecting more than 52 million users and 2 million partner merchants in 45 countries via close to 1 million corporate clients.

Edenred offers specific-purpose payment solutions for food (such as meal benefits), incentives (such as gift cards, employee engagement platforms), mobility (such as multi-energy, maintenance, toll, parking and commuter solutions) and corporate payments (such as virtual cards).

True to the Group’s purpose, “Enrich connections. For good.”, these solutions enhance users’ well-being and purchasing power. They improve companies’ attractiveness and efficiency, and vitalize the employment market and the local economy. They also foster access to healthier food, more environmentally friendly products and softer mobility.

Edenred’s 10,000 employees are committed to making the world of work a connected ecosystem that is safer, more efficient and more responsible every day.
In 2022, thanks to its global technology assets, the Group managed some €38 billion in business volume, primarily carried out via mobile applications, online platforms and cards.

Edenred is listed on the Euronext Paris stock exchange and included in the following indices: CAC 40 ESG, CAC Next 20, CAC Large 60, Euronext 100, FTSE4Good and MSCI Europe.