Vivendi Universal has Already Obtained Approval to Amend the (...)
April 20, 2006
Vivendi Universal has Already Obtained Approval to Amend the Deposit
Agreement for American Depositary Receipts (ADRs) to Delist from the
NYSE
Group Receives a Large Majority Approval by Owners
of ADRs
PARIS – April 20, 2006 – Vivendi Universal
announced today that it is has received irrevocable consents from owners of the
company’s American Depositary Receipts (ADRs), representing a large majority of
American Depositary Shares (ADSs) to amend its ADR deposit agreement, allowing
the company to move to terminate the deposit agreement and delist from the New
York Stock Exchange.
Owners of ADRs who gave their approval by April 14,
2006 are entitled to receive the consent payment of $0.10 per ADS and payments
are expected to be made beginning on May 4, 2006.
The authorized
amendments will facilitate the termination of the ADR deposit agreement and
delisting from the New York Stock Exchange, with a view to terminating Vivendi
Universal’s registration under the US Securities Exchange Act of 1934.