August 3, 2006 : Vivendi Voluntarily Delists from NYSE and Terminates ADR Program
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Press Release: English
/ French
Vivendi Voluntarily Delists from NYSE and Terminates ADR
Program
PARIS – August 3, 2006 – Vivendi announced today that, as anticipated in
press releases issued on January 17 and April 20, 2006, the Group has terminated
its deposit agreement with The Bank of New York (BONY) relating to its American
Depositary Receipts (ADRs). The deposit agreement was terminated as of 5:00 p.m.
(EST) on August 3, 2006. As a result, August 3rd was the last trading day for
Vivendi American Depositary Shares (ADSs) on the New York Stock Exchange (NYSE)
and the ADSs will be delisted from the NYSE.
Holders of ADRs can exchange
their receipts for underlying Vivendi ordinary shares until August 28, 2006, by
surrendering their ADRs to BONY. After August 28th, the Vivendi ordinary shares
representing any outstanding ADRs will be sold by BONY and the net proceeds from
those sales will be held on the ADR holders’ behalf as set forth in the deposit
agreement.
As also previously announced, Vivendi will seek to terminate
its reporting obligations under the U.S. Securities Exchange Act of 1934
(Exchange Act). It will maintain the listing of its ordinary shares on the
Eurolist of Euronext Paris.
Vivendi will continue to comply with its
obligations under the Exchange Act until such time as its registration is
terminated. Thereafter, Vivendi will continue to provide a high standard of
corporate governance, information and disclosure for all investors, including
those in the U.S.
Important disclaimer:
This document
contains 'forward-looking statements' as that term is defined in the Private
Securities Litigation Reform Act of 1995. Such forward-looking statements are
not guarantees of future performance. Actual results may differ materially from
the forward-looking statements and business strategy as a result of a number of
risks and uncertainties, many of which are outside our control, including but
not limited to, the risk that: Vivendi will not succeed in terminating its
registration under the U.S. Securities Exchange Act of 1934, as well as the
risks described in the documents Vivendi has filed with the U.S. Securities and
Exchange Commission and with the French Autorité des Marchés Financiers
(www.amf-france.org). Investors and security holders may obtain a free copy of
documents filed by Vivendi with the U.S. Securities and Exchange Commission at
www.sec.gov or directly from Vivendi. Vivendi does not undertake to provide, nor
has any obligation to provide, update or revise forward-looking statements.
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