Ownership structure and capital allocation policy

Ownership structure:

en20a

 

The free float represents 99.7% of outstanding shares.

For more information, see Chapter 3 “Information on the share capital and ownership structure”.

 

Capital allocation policy

As part of its commitment to maintaining its position as a leading digital innovator and thereby ensuring sustainable and profitable growth, Edenred plans to earmark between 6% and 7% of its total revenue each year for investments in the period 2019-2022, focusing mainly on the ongoing development of its technology assets.

At the same time, Edenred intends to seize external growth opportunities in line with the strategic ambitions of the Next Frontier plan, subject to meeting stringent financial criteria. These acquisitions will provide the Group with an additional source of value creation.

The Group recommends a dividend of €0.75 per share in respect of the fiscal year 2020. Consistent with the Group’s growth profile, performance and solid financial position, the dividend is up 7.1% from last year. Shareholders may opt to receive the dividend 100% in cash or 100% in shares, with a 10% discount. The dividend will be submitted to the shareholders’ approval at Edenred’s Annual General Meeting to be held on May 11, 2021.

 

Dividends in the past three years:

en20b