At its meeting today, the Board of Directors of EDF declared a 2017 interim dividend of €0.15 per share and offered, under the conditions set by the fourth resolution at the Combined Shareholders’ Meeting of 18 May 2017, the option for shareholders to receive the 2017 interim dividend in cash or in new shares of the Company.
The share price for the new shares which will be issued as payment of the 2017 interim dividend is set by the Board of Directors at €9.94. This price is equal to the average opening price on the Euronext Paris for the twenty trading days preceding 7 November 2017, reduced by the net amount of the interim dividend, with a 10% discount, rounded up to the nearest cent. Shares issued in this way will carry immediate dividend rights and will accordingly give the right to any distribution decided from the date they are issued. An application will be made to admit the new shares for trading on the Euronext Paris market.
The ex-dividend date for the 2017 interim dividend is set for 16 November 2017. The period for exercising the option will begin on 16 November 2017, and will end on 30 November 2017, both dates inclusive. The option may be exercised on request with authorized financial brokers.
Any shareholder who does not exercise this option within the specified time period will receive the whole of the interim dividend due to them in cash. The date for the payment in cash is set for 11 December 2017.
For shareholders who elect to receive the 2017 interim dividend in shares, the date for the delivery of shares is set for 11 December 2017. If the amount of the 2017 interim dividend for which the option of payment in shares is exercised does not correspond to a whole number of shares, the shareholder will receive the number of shares immediately below, plus a balancing cash adjustment.
In accordance with Commission Implementing Regulation (EU) 2016/1055 of 29 June 2016 laying down implementing technical standards with regard to the technical means for appropriate public disclosure of inside information and for delaying the public disclosure of inside information in accordance with Regulation (EU) No 596/2014 of the European Parliament and of the Council, this press release may contain inside information and was communicated to EDF’s primary information provider on 7 November 2017 at 19:25 Paris time.
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