On 30 September 2016, the Board of Directors of EDF declared a 2016 interim dividend of €0.50 per share and offered, under the conditions set by the fourth resolution at the Combined Shareholders’ Meeting of 12 May 2016, the option for shareholders to receive the 2016 interim dividend in new shares of the Company.
The period for exercising the option ran from 5 October 2016 to 21 October 2016 inclusive. At the end of the option period, 91.79% of rights were exercised in favor of receiving the payment for the 2016 interim dividend in shares.
95,885,292 new shares will be issued, representing 4.76% of the Company’s share capital on the basis of the current share capital. The share price for the new shares to be issued as payment of the 2016 interim dividend was set at €9.62 on 30 September 2016.
The settlement and delivery of the new shares as well as their admission to trading on the Euronext Paris will occur on 31 October 2016. The shares will carry immediate dividend rights and will be fully assimilated with existing shares already listed.
The total remaining cash dividend to be paid to shareholders who did not elect to receive the 2016 interim dividend in shares amounts to c. €82.55 million and the payment in cash will take place as of 31 October 2016. The amount of the cash adjustment to be paid to shareholders who opted for the interim dividend payment in shares stands at around €0.59 million.
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