At the Annual Meeting on May 14, 2019, Edenred shareholders approved the payment of a 2018 dividend of €0.86 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 22 to June 5, 2019. At the end of the option period, 70% of rights were exercised in favor of the dividend payment in shares. This led to the issuance of 3,938,507 new shares of Edenred common stock, representing 1.65% of the share capital, which will be settled and begin trading on the Euronext Paris stock market on June 11, 2019.
The new shares carry dividend rights from January 1, 2019 and rank pari passu with existing shares of Edenred common stock. Following the issue, the Company’s share capital comprises 243,204,857 shares.
The total cash dividend, in an amount of €62 million, will be paid on June 11, 2019.
This press release is for information only, and does not constitute an offer to buy securities or any solicitation to such effect.