The option for the payment of the dividend in shares was chosen by EDF's shareholders: 94.51% of the rights were exercised in favor of a payment in shares following the option period which took place between 14 May and 1 June 2021 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 6 May 2021 decided to pay a dividend in respect of the 2020 financial year for an amount of €0.21 per share for ordinary dividend and of €0.231 per share for loyalty dividend, with the option for payment in new shares.
The issue price for the new shares delivered in payment of the dividend is set at €10.64. This price corresponds to the average of the first quoted prices of the EDF share during the 20 trading days preceding the day of the General Meeting, less the amount of the dividend to be distributed and a discount of 10%, all rounded up to higher euro cent.
This transaction will result in the issuance of 57,908,528 new shares (representing approximately 1.87% of the share capital, taking into account the issuance), to be delivered and admitted for trading on Euronext Paris starting on 7 June 2021. 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 2020 universal registration document available on the Company's website. The dividend in cash to be paid to the shareholders who opted for the payment in shares amounts to €149.20.
The total remaining cash dividend to be paid to shareholders who did not elect to receive the 2020 dividend in shares amounts to around €36.2 million and the payment in cash will take place as of 7 June 2021.
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