At its meeting today, the Board of Directors of EDF declared a 2019 interim dividend of €0.15 per share and offered, under the conditions set by the fourth resolution at the Combined Shareholders’ Meeting of 16 May 2019, the option for shareholders to receive the 2019 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 2019 interim dividend is set by the Board of Directors at €8.16. This price is equal to the average opening price on the Euronext Paris market for the twenty trading days preceding 19 November 2019, reduced by the net amount of the interim dividend, with a 10% discount, rounded up to the nearest cent. 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 2018 reference document Report available on the Company’s website.

The ex-dividend date for the 2019 interim dividend is set for 26 November 2019. The period for exercising the option will begin on 28 November 2019, and will end on 11 December 2019, both dates inclusive(1).

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 17 December 2019.
For shareholders who elect to receive the 2019 interim dividend in shares, the date for the delivery of shares is set for 17 December 2019. If the amount of the 2019 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. 

(1) Subsequent to regulatory changes and the harmonisation of European standards on the payment process for optional dividends, the date of the end of the option period may vary from one financial intermediary to the next. For pure registered shareholders, BNP Paribas Securities Services, as the institution in charge of the securities service of the EDF company, has set this date at 9 December 2019 at the latest in order to supervise and centralise the responses of pure registered shareholders. 

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