In its meeting held on 13 February 2013, EDF’s Board of directors decided to propose to the Shareholders’ meeting which will take place on 30 May 2013 to approve a total dividend of €1.25 per share for 2012. The remaining dividend to be paid is €0.68 per share, given the payment of an interim dividend of €0.57 per share in December 2012.
Subject to approval at the Shareholders’ meeting, each shareholder will be offered to opt for a payment in new EDF shares for a portion of €0.10 per share on the 2012 remaining dividend to be paid. New shares will be issued at a price equal to 90% of the average of the opening prices of the EDF shares listed on the Euronext Paris regulated market over the 20 trading days prior to the date of the Shareholders’ meeting, less the amount of the 2012 remaining dividend to be paid, rounded up to the next highest euro cent.
Shareholders may exercise their option between 6 June 2013 and 26 June 2013 inclusive. After the 26 June 2013 deadline, the remaining dividend will be paid in cash only. The remainder of the dividend to be paid will be paid on
8 July 2013 (the ex-date being 6 June 2013) regardless of the payment being in shares or on cash.
The French State, EDF’s majority shareholder with 84.4% of its share capital, has confirmed it shall vote in favour of the decision at the Shareholders’ meeting of 30 May 2013 and opt for the payment in new shares for the portion of the final dividend payable in shares.
EDF group, one of the leaders in the European energy market, is an integrated energy company active in all areas of the business: generation, transmission, distribution, energy supply and trading. The Group is the leading electricity producer in Europe. In France, it has mainly nuclear and hydropower generation facilities where 95.9% of the electricity output is CO2-free. EDF’s transmission and distribution subsidiaries in France operate 1,285,000 km of low and medium voltage overhead and underground electricity lines and around 100,000 km of high and very high voltage networks. The Group is involved in supplying energy and services to approximately 28.6 million customers in France. The Group generated consolidated sales of €72.7 billion in 2012, of which 46.2% outside of France. EDF is listed on the Paris Stock Exchange and is a member of the CAC 40 index.