Fnac Darty

Option for 2022 dividend payment in shares - Calendar and procedures

Option for 2022 dividend payment in shares
Calendar and procedures

As announced, the Combined General Meeting of 24 May 2023 approved a dividend of €1.40 gross per share and decided to grant to the shareholders the option to receive their dividend in cash or in new shares.

The Company's shareholders will therefore be able to receive the full dividend, either in cash or in new shares of the Company.

Dividend payment calendar:

• Record date: 14 June 2023
• Option period for payment of the dividend in shares: 15 June 2023 to 29 June 2023 inclusive (If the shareholder has not opted for payment in new shares, he or she will receive the dividend in cash on the payment date)
• Results of option for payment of dividend in shares: 30 June 2023
• Payment of dividend in cash / issue of new shares: 6 July 2023

Terms of dividend payment:
Shareholders wishing to opt for a dividend payment in shares will have a period of between 15 June 2023 and 29 June 2023 inclusive to make their request to the financial intermediaries authorised to pay the dividend¹ or, in the case of shareholders registered in pure registered accounts held by the Company, to its agent (Uptevia). Consequently, any shareholder who has not opted for a dividend payment in shares by the end of this period will receive the dividend payment in cash on the payment date.

The price for newly issued shares for the payment of the dividend has been set at €31.15 per share, corresponding to 95% of the average of the closing prices over the twenty trading days preceding the date of the General Meeting less the dividend to be distributed for the financial year ended on 31 December 2022, this total being rounded up to the next Euro cent, where appropriate, in accordance with the provisions of Article L. 232-19 of the French Commercial Code and the fifth resolution of the Combined General Meeting of 24 May 2023.

For shareholders who opt for payment in cash, the amounts due to them will be paid on 6 July 2023. Shareholders who opt for dividend payment in shares will receive their new shares on the same day as the cash dividend, i.e. 6 July 2023.

The maximum number of new shares that may be issued for the purpose of the dividend payment in shares is 1,216,846 shares, representing approximately 4.47% of the total number of shares comprising the share capital as at 14 June 2023.

The shares issued in payment of the dividend will carry dividend rights and will be treated in the same way as existing shares. The new FNAC DARTY shares will be admitted to trading on the Euronext Paris market (ISIN code: FR0011476928) on 6 July 2023.