EDENRED (EPA:EDEN) - Edenred: Payment of the 2020 dividend

Transparency directive : regulatory news

12/05/2021 08:45

Press release
May 12, 2021

Payment of the 2020 dividend - Timeline and process

At their General Meeting on May 11, 2021, Edenred shareholders approved the
payment of a 2020 dividend of EUR0.75 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 14, 2021.

* Record date: May 17, 2021.

* Period for exercising the dividend reinvestment option: from May 18, 2021 to
the close of business on June 2, 2021. Shareholders should contact their
financial intermediary in order to know the last exercising day of the
corresponding financial institution. Shareholders who have not exercised their
option before this last exercising day will receive their dividend entirely in
cash.

* Payment date: June 9, 2021 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
June 2, 2021 will receive the entire dividend in cash.

The shares created on reinvestment of the dividend will be issued at a price of
EUR41.34, 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
General 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 4,470,094 new
shares would be issued, representing around 1.8% of the Company's share capital
and exercisable voting rights, based on total shares and voting rights
outstanding at May 7, 2021.

The new shares will carry dividend rights from January 1, 2021 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
9, 2021 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 digital platform for services and payments and the
everyday companion for people at work, connecting over 50 million users and 2
million partner merchants in 46 countries via more than 850,000 corporate
clients.

Edenred offers specific-purpose payment solutions for food (such as meal
benefits), mobility (such as multi-energy, maintenance, toll, parking and
commuter solutions), incentives (such as gift cards, employee engagement
platforms) and corporate payments (such as virtual cards).

True to the Group's purpose, "Enrich connections. For good." these solutions
enhance users' well-being and purchasing power. They improve companies'
attractiveness and efficiency, and vitalize the employment market and the local
economy. They also foster access to healthier food, more environmentally
friendly products and softer mobility.

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

In 2020, thanks to its global technology assets, the Group managed close to
EUR30 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 and MSCI Europe.

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.

CONTACTS

Communications Department

Emmanuelle Châtelain
+33 (0)1 86 67 24 36
emmanuelle.chatelain@edenred.com

Media Relations

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

Investor Relations

Cédric Appert
+33 (0)1 86 67 24 99
cedric.appert@edenred.com

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

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