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Crédit Agricole S.A. shareholders opt to receive over 85% of the dividend in shares
The option of receiving dividends in Crédit Agricole S.A. shares was open from Friday, 30 May to Friday, 13 June 2014 inclusive, and Crédit Agricole S.A.’s shareholders opted to receive over 85% of the dividend in shares.
At the Ordinary and Extraordinary Annual General Meeting on Wednesday, 21 May 2014, Crédit Agricole S.A. shareholders approved the recommended dividend of €0.35 per share for 2013, with a cash option and a stock option.
The stock dividend payment resulted in the issuance of 74,775,777 new ordinary shares, increasing the share capital by almost 3%. The shares were delivered and admitted to trading on Euronext Paris today.
These new shares carry dividend rights as of 1 January 2014 and have the same rights as the existing ordinary shares in Crédit Agricole S.A. As a result of the transaction, the share capital now amounts to €7,729,097,322, divided into 2,576,365,774 ordinary shares with par value of €3 each, fully paid up.