To benefit from the bonus dividend, ENGIE shares must be held in registered form (indirectly or directly) for at least two continuous years (full calendar years), up to the dividend payment date.
ENGIE shares held in an Equity Savings Plan (PEA) are eligible (PEA is a regulated savings product open to tax resident person in France).
Shares registered in registered form before December 31, 2019 will thus benefit in 2022 from the bonus dividend related to 2021.
Be careful, the registration process can take several weeks depending on the financial institutions and generate costs.
How to benefit from the bonus dividend?
Your shares are held in registered form: you have no steps to take.
Your shares are held in bearer form: a simple request to your bank is sufficient to register your shares in registered form (indirectly or directly). You can use this form.
In this case, you will need to indicate to your bank your choice between registered and pure registered shares:
- Indirectly registered shares, your ENGIE shares remain registered with your financial intermediary (as bearer) and are entered in the ENGIE books via Société Générale Securities Services (ENGIE securities service manager)
- in pure (or directly) registered form, your ENGIE shares are registered directly in the books of Société Générale Securities Services
- for shares held in a PEA, banking institutions strongly recommend opting for indirectly registered shares due to the complexity of management of the device
What is a bonus dividend?
This is a bonus limited, by law, to 10% of the amount of the dividend paid out for a fiscal year. The bonus dividend is designed to reward loyal shareholders. It involves amending the bylaws by a decision of the Extraordinary General Meeting.
Since when does ENGIE propose the bonus dividend?
The decision to amend the bylaws was taken by the Combined General Meeting of April 28, 2014 for a first payout in 2017 related to the financial year 2016.
Who can benefit from the bonus dividend?
Shareholders who have held ENGIE registered shares (indirectly or directly) for at least two continuous years, up to the dividend payment date. Please note that by law, the bonus dividend is capped for each shareholder at 0.5% of share capital.
Why do I have to register my shares to benefit from the dividend?
The law requires that shares be held in registered form, since holding registered shares it’s the only way to identify the shareholder and the duration of the shareholding.
What is the difference between indirectly and directly registered shares?
- Indirectly registered shares: Your shares remain with your financial intermediary, who manages them. Consequently, the management of your shares is similar to that of « bearer » shares. However, your shares are registered in the ENGIE books.
- Directly registered shares: Your shares are registered directly in the books of Société Générale Securities Services, manager of the ENGIE shares service. This type of holding shares enables you to benefit from free custody fees and certain normal management fees, specifically fees linked to the payment of dividends and share operation costs (capital increase…).
Are shares held in a PEA eligible?
Yes, if you are a French tax resident, you can benefit from the bonus dividend under your PEA by registering your ENGIE shares. However, due to the complexity of managing PEA shares, the banks strongly recommend opting for indirectly registered shares.
What is the typical scheduling of the bonus dividend?
- Year N: Registration of shares prior to December 31
- Years N+1 and N+2: Shares held in the registered form
- Years N+3, 4, 5… Distribution of bonus dividend in N+3, then each year if you hold your registered shared
When the bonus is paid?
The bonus, applied to the amount of the dividend of the financial year, is paid at the same time as the annual dividend after the General Meeting.
What is the taxation of the bonus dividend?
The taxation of the bonus dividend is similar to that on dividends. Switching your shares to registered shares has no impact on the taxation.
Is the ISIN code of my ENGIE shares changing with the increased dividend?
The shares eligible for the bonus dividend have a specific code which makes it possible to identify the year of payment of the bonus.
These shares remain transferable in the same way as the shares listed on the main code ENGIE (FR0010208488).
|ISIN Code||Year of registration||Year of application of the bonus dividend|
2014 to 2016
2017 to 2019
*On 1st January 2019, Euroclear assimilated the shares entered on the value code FR0013215399 ENGIE loyalty bonus 2019 into the value code FR0013215407 ENGIE premium loyalty bonus.