Carrefour Dividend for Financial Year 2016
June 15 2017 - 11:45AM
Business Wire
Regulatory News:
At the Annual General Meeting held today, Carrefour's (Paris:CA)
shareholders approved the proposed €0.70 per share dividend for the
2016 financial year and decided to offer shareholders an option to
receive the dividend payment in shares.
The issue price of the new shares to be issued in consideration
for the dividend has been set at €20.15. This issue price
represents 90% of the average opening prices quoted on the
regulated market of Euronext Paris during the 20 trading days
preceding the date of the Annual General Meeting, less the amount
of the dividend, and rounded upward to the nearest euro cent.
The dividend ex-date is set on June 21, 2017. The shareholders
may opt for the dividend payment in cash or in new shares from June
21, 2017 to July 4, 2017 included, by sending their request to
their financial intermediaries. For the shareholders who have not
exercised their dividend payment option by July 4, 2017, the
dividend shall only be paid in cash1.
For the shareholders who have not opted for a dividend payment
in shares, the dividend shall be paid in cash on July 13, 2017. For
the shareholders who have opted to receive the dividend in shares,
settlement and delivery of the shares will be as from July 13,
2017.
If the amount of dividends for which the option is exercised
does not correspond to a whole number of shares, shareholders may
choose to either receive the rounded-up whole number of shares by
paying the difference in cash on the day they exercise the option
or receive the rounded-down whole number of shares and the balance
in cash.
The shares issued as dividend payment will carry dividend rights
as from January 1, 2017. An application to list these new shares on
Euronext Paris will be made. The new shares will rank pari passu
with existing shares and will be fully fungible with existing
shares already listed.
The maximum total number of new shares which may be issued for
the purpose of the dividend payment in shares is 25,938,791 shares
(excluding additional shares issued for rounding purposes),
representing approximately 3.43% of the share capital and 2.79% of
the voting rights of Carrefour based on the total number of shares
and voting rights as of May 31, 2017.
Calendar:
June 20 Dividend record date June 21 Dividend ex-date and
beginning of the option period for the election of share dividend
July 4 End of the option period for the election of share dividend
July 11 Announcement of the result of the option July 13 Payment of
cash dividend, settlement-delivery of share dividend
Disclaimer
This press release constitutes the information document required
pursuant to Article 212-4 4° and 212-5 5° of the French Financial
Market Authority (AMF) General Regulation and Article 18 and Annex
III of the AMF Instruction AMF n° 2016-04 dated October 21, 2016 as
amended.
This press release does not constitute an offer to purchase
securities. This press release and any other document relating to
the payment of dividend in shares may only be distributed or
disseminated outside of France in conformity with applicable local
laws and regulations and shall not constitute an offer for
securities in any jurisdiction where such an offer would infringe
applicable laws and regulations.
The option to receive the 2016 dividend payment in shares, as
described herein, is not available to shareholders residing in any
country where such option would require registration or approval by
local securities regulators. Shareholders residing outside of
France must inform themselves about, and comply with, any
restrictions which may apply under their local laws. In any event,
this option is open to shareholders residing in a Member State of
the European Union, the United States of America, Norway and
Switzerland. Orders originating from other countries would not be
accepted.
For tax purposes in relation to the dividend payment in shares,
the shareholders are invited to review their personal situation
with their own tax advisor.
When deciding to opt for a dividend payment in shares,
shareholders must consider the risks associated with an equity
investment. For further information relating to the Company, its
business, strategy, financial results and risks relating to the
Group, please refer to the "Risk Factors" section of the Company's
2016 Registration Document (available on the Company's website,
www.carrefour.com).
1 ADR holders may be subject to different election and payment
conditions and should consult the depositary for more
information.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170615005857/en/
CarrefourInvestor Relations:Mathilde Rodié, Anne-Sophie Lanaute,
Louis IgonetTel: +33 (0)1 41 04 28 83orShareholder relationsTel :
+33 (0)805 902 902 (n° vert en France)
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