Credit Agricole : Removal of the loyalty dividend and related compensation
May 22, 2018 at 09:48 pm IST
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The removal of the loyalty dividend was approved by the Special Meeting of eligible shareholders of 4 April 2018 and subsequently by non-eligible shareholders at the Extraordinary Annual General Meeting of 16 May 2018.
As a reminder, the loyalty dividend was applicable to registered shares eligible for a dividend held for more than two calendar years on the year-end closure date and still held on the date of the dividend payment. To compensate for this, from 24 May 2018 eligible shareholders will receive one new ordinary share for 26 eligible registered shares held for more than two years on 31 December 2017 and still held on the dividend payment date for financial year 2017.
This operation will give rise to the creation of 6,530,044 new ordinary shares (representing a capital increase of around 0,23%), which will be delivered and admitted for trading on Euronext Paris on 24 May 2018.
These new shares, which will bear dividend entitlement from 1 January 2018, are immediately accountable as ordinary shares comprising the share capital of Crédit Agricole S.A.
At the end of the operation, the share capital will be €8,557,903,710, divided into 2,852,634,570 fully paid-up ordinary shares with a par value of €3 each.
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Crédit Agricole SA published this content on 22 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 May 2018 16:17:06 UTC
Crédit Agricole S.A. is one of the leading European banking groups and is the leading financial backer of the French economy. Net Banking Product breaks down by activity as follows:
- retail banking (30.1%): activities in France (Crédit Lyonnais) and abroad. Furthermore, the group is present in France via its 39 regional networks of branches (making it the biggest French banking network);
- finance, investment and market banking (30.1%): standard and specialized bank financing activities (financing for acquisitions, projects, aeronautical and maritime assets, etc.), stock operations, consulting in mergers and acquisitions, investment capital, etc.;
- asset management, insurance and private banking (25.9%);
- specialized financial services (13.9%): consumer loan, leasing and factoring (No. 1 in France).
At the end of 2023, Crédit Agricole S.A. managed EUR 835 billion in current deposits and EUR 516.3 billion in current credits.
NBP is distributed geographically as follows: France (46%), Italy (20%), European Union (14.3%), Europe (7.2%), North America (6%), Japan (1.3%), Asia and Oceania (3 .5%), Africa and Middle East (1.3%), Central America and South America (0.4%).