EDF : Results of the option for the payment of the balance of the dividend to be paid out on the 2017 financial year
June 15 2018 - 12:01PM
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Press release
15 June 2018
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Results of the
option for the payment of the balance of the dividend to be paid
out on the 2017 financial year
The option for the payment of the
balance of the dividend in shares was chosen by EDF's shareholders:
93.39% of the rights were exercised in favor of a payment in shares
following the option period which took place between 25 May 2018
and 11 June 2018 included.
In accordance with article
L.232-18 of the French commercial Code and with article 25 of the
Articles of Association, EDF's General Shareholders' Meeting of 15
May 2018 decided to pay a dividend in respect of the 2017 financial
year for an amount of 0.46 euro per share conferring entitlement to
the ordinary dividend, with an option for the payment in shares of
the Company of the outstanding balance of the dividend still to be
paid, amounting to 0.31 euro per share conferring entitlement to
the ordinary dividend.
The issue price of the new shares
is 10.23 euro per share, equal to 90% of the average of the opening
prices of the EDF shares listed on the Euronext Paris regulated
market over the twenty trading days prior to 15 May 2018, date of
the Combined Shareholders' Meeting, less the amount of the balance
of the dividend, rounded up to the next highest euro cent.
This transaction will result in
the issuance of 82,828,872 new shares (representing approximately
2.75% of the share capital, taking into account the issuance), to
be delivered and admitted for trading on Euronext Paris starting on
19 June 2018. The new shares will be issued with immediate dividend
rights and will confer the same rights ("jouissance courante") and
restrictions as existing common shares, as described in the
Company's Articles of Association and the 2017 reference document
Report available on the Company's website. The balance in cash to
be paid to the shareholders who opted for the payment in shares
amounts to around 0.884 million euros.
The total remaining cash dividend
to be paid to shareholders who did not elect to receive the 2017
balance of the dividend in shares amounts to around 60.331 million
euro and the payment in cash will take place as of 19 June
2018.
Xavier Girre, Group Senior
Executive Vice President, Group Finance stated: "With this option, widely subscribed by our shareholders,
the equity reinforcement plan announced in April 2016 is now
completed. It will have reached € 9.06 billion, divided between the
option for the payment of the dividend in shares for fiscal years
2015 to 2017 (amounting to €5.04bn) and the rights issue carried
out in March 2017 (€4.02bn)."
This press release is certified. You can check that it's
genuine at medias.edf.com
A key player in energy transition,
the EDF Group is an integrated electricity company, active in all
areas of the business: generation, transmission, distribution,
energy supply and trading, energy services. A global leader in
low-carbon energies, the Group has developed a diversified
generation mix based on nuclear power, hydropower, new renewable
energies and thermal energy. The Group is involved in supplying
energy and services to approximately 35.1 million customers, of
which 26.5 million in France. The Group generated consolidated
sales of €70 billion in 2017. EDF is listed on the Paris Stock
Exchange.
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EDF SA
22-30, Avenue de Wagram
75382 Paris cedex 08
Share capital of 1 463 719 402 euros
552 081 317 R.C.S. Paris
www.edf.fr |
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CONTACTS
Press office: 01 40 42 46 37
Analysts and Investors: 01 40 42 40 38 |
EDF Result balance of the dividend
2017
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The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: EDF via Globenewswire