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Shareholders
The Group paid no dividends in respect of 2019 or 2020.
A dividend of €6.8 million (i.e. €0.5 per share) in respect of fiscal year 2021 was approved at the General Shareholders’ Meeting on June 17, 2022, and paid on July 1, 2022.
The Group does not plan to pay regular cash dividends. Any decision to distribute and pay dividends is made at the discretion of Cegedim’s Board of Directors and depends on, among other things, the results of the Group’s operations, its financial position, cash requirements, contractual restrictions, and any other factors that the Board may deem relevant.
In addition, the Group’s ability to pay dividends is, and may continue to be, limited by covenants on the loans that the Group or its subsidiaries have taken or may take in the future. If the Company holds some of its own shares when a dividend is paid, the distributable earnings corresponding to the dividend not paid on the shares the Company holds will be allocated to retained earnings.
Financial Overview
