The Group paid no dividends in respect of 2017, 2018, or 2019.
The Group does not plan to pay regular cash dividends before it has completed its business model transformation. Any decision to distribute and pay dividends in the future will be made at the discretion of Cegedim’s Board of Directors and will depend 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.
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