PRESS RELEASE
| March 15, 2017 | ||||
| 2016 Dividend Recommended at the Annual Shareholders Meeting on MAY 4, 2017 Timeline and process | ||||
Edenred's Board of Directors decided on February 22, 2017 to recommend to the Annual Shareholders Meeting of May 4 setting the 2016 dividend at €0.62 per share. Subject to this recommendation being approved at the Meeting, Edenred shareholders will receive:
- 50% of the dividend in cash , i.e. €0.31 per share, and
- 50% of the dividend in cash or new Edenred common shares, at the shareholder's option . The new shares will be issued at a price corresponding to 90% of the average of the opening prices [1] quoted for Edenred shares over the twenty trading days preceding the Annual Shareholders Meeting, i.e. between April 5 and May 3, 2017, less the net dividend, rounded up to the nearest euro cent.
Dividend payment timeline
- Record date :
- May 11, 2017 for the payment of the dividend subject to option
- May 13, 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 02, 2017. Shareholders that do not exercise their reinvestment option by June 03, 2017 will receive their total dividend in cash.
- Dividend payment date : June 15, 2017 for both payment methods
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, click here to obtain a copy of the detailed guide posted on the Company's website, edenred.com (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.
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Edenred , which invented the Ticket Restaurant ® meal voucher and is the world leader in prepaid corporate services, designs and manages solutions that improve the efficiency of organizations and purchasing power to individuals. By ensuring that allocated funds are used specifically as intended, these solutions enable companies to more effectively manage their:
- Employee benefits (Ticket Restaurant ®, Ticket Alimentación, Ticket CESU, Childcare Vouchers, etc.)
- Expense management process (Ticket Car, Ticket Clean Way, Repom, etc.)
- Incentive and reward programs (Ticket Compliments, Ticket Kadéos, etc.)
The Group also supports public institutions in managing their social programs . Listed on the Euronext Paris stock exchange, Edenred operates in 42 countries, with close to 8,000 employees, 750,000 companies and public sector clients, 1.4 million affiliated merchants and 43 million beneficiaries. In 2016, total issue volume 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
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CONTACTS
| Media Relations Anne-Sophie Sibout +33 (0)1 74 31 86 11 anne-sophie.sibout@edenred.com Jehan O'Mahony +33 (0)1 74 31 87 42 jehan.omahony@edenred.com | Investor and Shareholder Relations Aurélie Bozza +33 (0)1 74 31 84 16 aurelie.bozza@edenred.com |
[1] Opening prices quoted on Euronext Paris.
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