Following the Board meeting held on Friday to discuss the group’s long-term financial trajectory, EDF has provided the following information for its action plan: • A €4bn capital increase through share issuance by end 2016 (no time or price given: 16 percent dilution at the current level). The French State has committed to proving support with at least €3bn for the operation; • A 2 year dividend payment in shares (2016 and 2017; 6-8 percent dilution/year); • Dis
25 Apr 2016
EDF’s action plan: Capital Increase, scrip dividend, RTE disposal, lower Opex.
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EDF’s action plan: Capital Increase, scrip dividend, RTE disposal, lower Opex.
- Published:
25 Apr 2016 -
Author:
Juan Camilo Rodriguez -
Pages:
3
Following the Board meeting held on Friday to discuss the group’s long-term financial trajectory, EDF has provided the following information for its action plan: • A €4bn capital increase through share issuance by end 2016 (no time or price given: 16 percent dilution at the current level). The French State has committed to proving support with at least €3bn for the operation; • A 2 year dividend payment in shares (2016 and 2017; 6-8 percent dilution/year); • Dis