Carrefour Dividend for Financial Year 2019
29 Mai 2020 - 5:45PM
Business Wire
Regulatory News:
At the Annual General Meeting held today, Carrefour's (Paris:CA)
shareholders approved the proposed €0.23 per share dividend for the
2019 financial year and decided to offer shareholders an option to
receive the dividend payment in shares.
The issue price of the new shares to be issued in consideration
for the dividend has been set at €12.19. This issue price
represents 95% of the average of the closing prices quoted on the
regulated market of Euronext Paris during the 20 trading days
preceding the date of the Annual General Meeting, less the amount
of the dividend, and rounded upward to the nearest euro cent.
The dividend ex-date is set on June 8, 2020. The shareholders
may opt for the dividend payment in cash or in new shares from June
10, 2020 to June 23, 2020 included, by sending their request to
their financial intermediaries. For the shareholders who have not
exercised their dividend payment option by June 23, 2020, the
dividend shall only be paid in cash1.
For the shareholders who have not opted for a dividend payment
in shares, the dividend shall be paid in cash on June 29, 2020. For
the shareholders who have opted to receive the dividend in shares,
settlement and delivery of the shares will be as from June 29,
2020.
If the amount of dividends for which the option is exercised
does not correspond to a whole number of shares, shareholders may
choose to either receive the rounded-up whole number of shares by
paying the difference in cash on the day they exercise the option
or receive the rounded-down whole number of shares and the balance
in cash.
The shares issued as dividend payment will carry dividend rights
as from January 1, 2020. An application to list these new shares on
Euronext Paris will be made. The new shares will rank pari passu
with existing shares and will be fully fungible with existing
shares already listed.
The maximum total number of new shares which may be issued for
the purpose of the dividend payment in shares is 15,052,980 shares
(excluding additional shares issued for rounding purposes),
representing approximately 1.86% of the share capital of Carrefour
based on the total number of shares as of April 30, 2020.
Calendar:
June 8
Dividend ex-date
June 9
Dividend record date
June 10
Beginning of the option period for the
election of share dividend
June 23
End of the option period for the election
of share dividend
June 25
Announcement of the result of the
option
June 29
Payment of cash dividend, delivery of
share dividend
Disclaimer
This press release does not constitute an offer to purchase
securities. This press release and any other document relating to
the payment of dividend in shares may only be distributed or
disseminated outside of France in conformity with applicable local
laws and regulations and shall not constitute an offer for
securities in any jurisdiction where such an offer would infringe
applicable laws and regulations.
The option to receive the 2019 dividend payment in shares, as
described herein, is not available to shareholders residing in any
country where such option would require registration or approval by
local securities regulators. Shareholders residing outside of
France must inform themselves about, and comply with, any
restrictions which may apply under their local laws. In any event,
this option is open to shareholders residing in a Member State of
the European Union, the United States of America, Norway and
Switzerland. Orders originating from other countries would not be
accepted.
For tax purposes in relation to the dividend payment in shares,
the shareholders are invited to review their personal situation
with their own tax advisor.
When deciding to opt for a dividend payment in shares,
shareholders must consider the risks associated with an equity
investment. For further information relating to the Company, its
business, strategy, financial results and risks relating to the
Group, please refer to the "Risk Factors" chapter of the Company's
2019 Universal Registration Document (available on the Company's
website, www.carrefour.com).
About the Carrefour Group
With a multi-format network of more than 12,000 stores in over
30 countries, Carrefour Group is one of the world's leading food
retailers. Carrefour recorded gross sales of €80.7 billion in 2019.
The Group has more than 320,000 employees who contribute to making
Carrefour the world leader in the food transition for all, offering
quality food every day, accessible everywhere and at a reasonable
price.
________________ 1 ADR holders may be subject to different
election and payment conditions and should consult the depositary
for more information.
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Investor relations: Selma Bekhechi, Antoine Parison, Anthony
Guglielmo Tel : +33 (0)1 64 50 79 81
Shareholder relations Tel : +33 (0)805 902 902 (toll-free in
France)
Group communication Tel : +33 (0)1 58 47 88 80
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