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Close to 85% of Crédit Agricole S.A. shareholders opt for the payment of dividend in shares
The option of receiving dividends in shares, which was open from Thursday, 26 May to Tuesday, 7 June 2011 inclusive, was taken up by close to 85% of Crédit Agricole S.A.’ shareholders.
At the Ordinary and Extraordinary Annual General Meeting on Wednesday, 18 May 2011, Crédit Agricole S.A. shareholders approved the recommended dividend of €0.45 per share for 2010, with a cash option and a stock option.
The stock dividend payment resulted in the issuance of 96,311,860 new shares (representing an increase of 4.01% of the share capital), delivered and admitted to trading on Euronext Paris as of Monday, 20 June 2011.
The new shares carry dividend rights as of 1st January 2011 and have the same rights as the existing ordinary shares in Crédit Agricole S.A. As a result of the transaction, the share capital of Crédit Agricole S.A. reaches 7,493,916,453 euros, divided in 2,497,972,151 shares with a par value of €3 each.
The cash dividend will be paid from today.