EDENRED S.A.: PAYMENT OF THE 2016 DIVIDEND
05 Mai 2017 - 08:47AM
REGULATED
FILING
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May 5, 2017 |
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Payment of the
2016 dividend
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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. This means that shareholders will receive:
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50% of their dividend, or
€0.31, in cash; and
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50% of their dividend in cash
or new Edenred common shares, at the shareholder's option
Dividend payment
timeline
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May 11, 2017 for the payment of the dividend
subject to option.
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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[1].
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.
For additional information, click
here to obtain a copy of the detailed guide
and to access a simulator posted on edenred.com, in the
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, which invented the Ticket
Restaurant® meal voucher
and is the world leader in prepaid corporate services, designs and
manages solutions for companies and public institutions seeking to
provide purchasing power, optimize their expenses and motivate
their teams. The Group's solutions are used across a network of 1.4
million affiliated merchants by 43 million employees working for
750,000 client organizations. The portfolio is built around two
main business lines:
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Employee benefits (Ticket
Restaurant®, Ticket Alimentación, Ticket CESU, Childcare Vouchers,
etc.)
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Expense management (Ticket Log,
Ticket Car, UTA, Ticket Clean Way, Repom, etc.)
Edenred also
offers complementary solutions for managing transactional
ecosystems, covering corporate payments (Edenred Corporate
Payment), incentives and rewards (Ticket Compliments, Ticket
Kadéos) and public social programs.
Listed on the Euronext Paris stock exchange,
Edenred operates in 42 countries, with close to 8,000 employees. In
2016, the transaction volume managed by Edenred amounted to almost
€20 billion.
Ticket
Restaurant® and all other tradenames of Edenred products and
services are registered trademarks of Edenred SA.
Follow Edenred on Twitter:
www.twitter.com/Edenred
___
CONTACTS
Media Relations
Anne-Sophie Sibout
+33 (0)1 74 31 86 11
anne-sophie.sibout@edenred.com
Anne-Sophie Sergent
+33 (0)1 74 31 86 27
anne-sophie.sergent@edenred.com
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Investor and Shareholder Relations
Aurélie Bozza
+33 (0)1 74 31 84 16
aurelie.bozza@edenred.com
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[1] Société
Générale Securities Services, Département des titres et Bourse, CS
30812 - 44308 Nantes cedex 3
PAYMENT OF THE 2016
DIVIDEND
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: EDENRED S.A. via Globenewswire
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