Payment of the 2020 dividend – Timeline and process

At their General Meeting on May 11, 2021, Edenred shareholders approved the payment of a 2020 dividend of €0.75 per share, with the option of reinvesting 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.

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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.

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, 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 available on this website.

Download the press release (PDF, 115.2 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.