Vivendi’s Combined General Shareholders Meeting, chaired by Yannick Bollor é, accepted the splitting up of Canal+, Havas, and the Louis Hachette Group (incorporating a 66.53% risk in Lagard ère and complete possession of Prisma Media) with over 97.5% of the ballots. The shares of these 3 entities will certainly begin trading on December 16, 2024, on the London Stock Exchange, Euronext Amsterdam, and Euronext Growth Paris, specifically.
Last year, Vivendi‘s managerial board accepted checking out a business divided to open its complete possibility. The break up will certainly separate the business right into 3 entities: Canal+, Havas, and a financial investment arm, Lagard ère.
With a quorum of 71.96% of investors existing or stood for, the resolutions needing a two-thirds bulk– concerning partial possession payments under French partial demerger guidelines– obtained frustrating assistance. The Canal+ demerger was accepted with 97.57% of the ballots, while the Louis Hachette Group demerger obtained 97.58%. Additionally, the resolution for the circulation of Havas NV shares to Vivendi investors, needing a straightforward bulk, was passed with 97.61% authorization.
Yannick Bollor é claimed: “We are delighted with the very high adoption rate of our spin-off project. This undisputable result confirms the strong support of our shareholders for this transformative transaction. The Supervisory Board would like to warmly thank Arnaud de Puyfontaine and the whole Management Board, all the teams involved in this project, our different advisors and our shareholders for their trust. We are convinced that this new chapter for Canal+, Havas and Louis Hachette Group will be very promising and create value for all stakeholders.”
Investors seeking to obtain Vivendi shares to take part in the spin-off allotment need to do so by December 13, 2024. The shares of Canal+, Havas NV, and the Louis Hachette Group will certainly be noted for the very first time on December 16, 2024, at 9 a.m. (Paris time). Shareholders qualified to get these shares will certainly have them provided on December 18, 2024. The due date for the repayment of social levies, non-final withholding tax obligation, or holding back tax obligation pertaining to this deal is January 15, 2025.
