Holding EDF shares in registered form allows you to benefit from a number of advantages. Two possibilities: you can transfer your shares to the registered form or directly purchase EDF shares in the pure registered form.
A 10% dividend increase for shareholders holding their shares in registered form
In 2011, the General Shareholders' Meeting adopted the amendment to EDF's legal status (in accordance with the provisions of Article L. 232-14 of the French Commercial Code) in order to include the system for paying a higher dividend plus 10% to shareholders holding their registered shares (pure or administered) for at least 2 calendar years continuously.
10% increase applied to the entire dividend.
The first "loyalty bonus" of 10% has been awarded in 2014 for the dividend distributed for the year 2013.
The number of shares eligible for the 10% increase may not exceed, for the same shareholder, 0.5% of the share capital.
The registration of shares in registered form (pure or administered) will have to be effective on 31 December 2019 at the latest to receive the loyalty bonus, which will be provided in respect of the financial year ended on 31 December 2021, in 2022.
The taxation of increased dividends is identical to the taxation of ordinary dividends ;
The loyalty bonus is paid at the same time as the dividend balance provided that you still hold your shares the day before the date of secondment In the context of a succession, a donation or a manual donation, the seniority and therefore the loyalty bonus attached to the shares will be kept.
The advantages of pure registered shares
This mode of shareholding offers you the following advantages:
No custodial fees and management fees to pay for your registered securities
Easier access to the General Meetings:
The documents issued to convene the meeting and the absentee or proxy ballot form are automatically forwarded to your residence
Holders of registered securities do not have to immobilise their shares
Personalised information and direct relations with EDF
The EDF securities service (keeping of the registered shareholders record) is carried out by BNP Paribas Securities Services.
The disadvantages of pure registered shares
It is possible to transfer shares held in a PEA share savings plan to pure registered shares, although some practical difficulties arise. The legal system governing the PEA plans ensure that shares remain in the PEA whilst classified as pure registered. This means that some financial institutions reject them, impose specific provisions or invoice additional management fees which diminishes the benefits of pure registered compared to administered registered shares
A shareholder with pure registered shares in more than one company will receive as many annual statements (tax declaration, dividend payment statement) as he owns shares in the various companies, which can complicate somewhat the management of his or her portfolio
Transferring your shares to registered shares
If you already hold EDF shares, you can ask your financial intermediary to transfer them to the “pure registered” mode or their registration in “administrated registered” form (inquire about any fees that may be charged for this transfer service).
Your intermediary will carry out all the necessary steps with BNP Paribas Securities Services. On receipt of the shares, BNP Paribas Securities Services will send you a certificate attesting to the registration of your pure registered shares in a registered share account (in the particular case of shares in a PEA, the information on the registration in “pure registered” form will be sent to you by your financial institution).
Acquiring pure registered shares
To directly acquire EDF “pure registered” shares, please complete the attached documents and send them (with the documents to be provided) to BNP Paribas Securities Services:
BNP PARIBAS SECURITIES SERVICES CTO EDF Shareholder Relations Les Grands Moulins de Pantin 9 rue du Débarcadère 93761 PANTIN Cedex
Dedicated “registered share management” toll-free number in France:
From abroad: +33 1 40 14 32 57
Fax +33 01 55 77 34 17
A new pricing system for pure registered share orders has been effective since 1 September with reduced prices for stock market orders placed via the Internet.
Access your EDF registered account
If your EDF shares are “pure registered” (and if you have completed and returned a stock market services contract), you can access your registered share account and, if you wish, send and follow up your stock exchange orders on line.
To access your EDF registered account, click here.