EDENRED (EPA:EDEN) - Edenred: Payment of the 2019 dividend

Transparency directive : regulatory news

07/05/2020 18:01

Press release
May 7, 2020

Payment of the 2019 dividend - Timeline and process

At their Annual Meeting on May 7, 2020, Edenred shareholders approved the
payment of a 2019 dividend of EUR0.70 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.

Dividend payment timeline

* Ex-dividend date: May 13, 2020.

* Record date: May 14, 2020.

* Period for exercising the dividend reinvestment option: from May 15, 2020
   to the close of business on May 29, 2020. Shareholders that do not exercise
   their  reinvestment option by May 29, 2020 included, will receive their
   total dividend in cash.

* Payment date: June 5, 2020 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
May 29, 2020 will receive the entire dividend in cash.

The shares created on reinvestment of the dividend will be issued at a price of
EUR32.39, 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.

If all of the eligible dividend is reinvested, a maximum of 5,256,048 new
shares would be issued, representing around 2.2% of the Company's share capital
and 2.1% of the exercisable voting rights, based on total shares and voting
rights outstanding at May 4, 2020.

The new shares will carry dividend rights from January 1, 2020 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 10, 2019 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, 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.
_____

Edenred is a leading services and payments platform and the everyday companion
for people at work, connecting 50 million employees and 2 million partner
merchants in 46 countries via more than 850,000 corporate clients.

Edenred offers specific-purpose payment solutions for food (meal vouchers),
fleet and mobility (fuel cards, commuter vouchers), incentives (gift vouchers,
employee engagement platforms) and corporate payments (virtual cards). These
solutions enhance employee well-being and purchasing power, improve companies'
attractiveness and efficiency, and vitalize the employment market and the local
economy.

Edenred's 10,000 employees are committed to making the world of work a
connected ecosystem that is safer, more efficient and more user-friendly every
day.

In 2019, thanks to its global technology assets, the Group managed EUR31
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 Next 20, FTSE4Good, DJSI Europe and MSCI Europe.

For more information: www.edenred.com

The logos and other trademarks mentioned and featured in this press release are
registered trademarks of Edenred S.A., its subsidiaries or third parties. They
may not be used for commercial purposes without prior written consent from
their owners.

Edenred is celebrating its tenth anniversary in 2020.

______

CONTACTS

Communications Department

Marie-Laurence Bouchon
+33 (0)1 86 67 20 08
marie-laurence.bouchon@edenred.com

Media Relations

Matthieu Santalucia
+33 (0)1 86 67 22 63
matthieu.santalucia@edenred.com
Investor Relations

Solène Zammito
+33 (0)1 86 67 23 13
solene.zammito@edenred.com

Loïc Da Silva
+33 (0)1 86 67 20 67
loic.dasilva@edenred.com

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