All resolutions were approved
Vivendi’s Annual General Shareholders’ Meeting was held today under the chairmanship of Yannick Bolloré with a quorum of 68.99% of shareholders.
The shareholders approved all resolutions submitted to the vote, including those requiring a two-thirds majority, among which the resolution authorizing the Management Board to make a public share buyback offer (OPRA) for up to 50% of the share capital.
The shareholders overwhelmingly approved the distribution of 60% of Universal Music Group (UMG) shares with a record level of 99.9% positive votes, demonstrating their full support for the recommended strategic approach and the options chosen by the Management Board to implement this transaction. The listing of the company on Euronext Amsterdam could take place on September 21, 2021.
The shareholders approved the payment of an ordinary dividend of €0.60 per share with respect to fiscal year 2020. The dividend will be paid as from June 25, 2021, with an ex-dividend date of June 23, 2021.
Due to the COVID-19 pandemic and following the measures put in place by the authorities to limit its spread, the Shareholders’ Meeting was held behind closed doors (à huis clos), i.e., without the physical presence of shareholders, and was broadcast live in its entirety on Vivendi’s website, where the results of the voting on the resolutions and a video replay of the Meeting are available (www.vivendi.com/individual/shareholders-meeting), as well as on Dailymotion.
Since 2014, Vivendi has built a world-class media, content and communications group. The Group owns leading, strongly complementary assets in music (Universal Music Group), television and movies (Canal+ Group), communications (Havas Group), publishing (Editis), magazines (Prisma Media), video games (Gameloft), live entertainment and ticketing (Vivendi Village). It also owns a global digital content distribution platform (Dailymotion). Vivendi’s various businesses cohesively work together as an integrated industrial group to create greater value. Vivendi is committed to the environment and aims at being carbon neutral by 2025. In addition, the Group helps building more open, inclusive and responsible societies by supporting diverse and inventive creative works, promoting broader access to culture, education and to its businesses, and by increasing awareness of 21st-century challenges and opportunities. www.vivendi.com
Cautionary Note Regarding Forward-Looking Statements. This press release contains forward-looking statements with respect to Vivendi’s financial condition, results of operations, business, strategy, plans and outlook. Although Vivendi believes that such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are outside our control, including, but not limited to, the risks related to antitrust and other regulatory approvals as well as any other approvals which may be required in connection with certain transactions and the risks described in the documents of the Group filed by Vivendi with the Autorité des marchés financiers (the French securities regulator), which are also available in English on Vivendi’s website (www.vivendi.com). Investors and security holders may obtain a free copy of documents filed by Vivendi with the Autorité des marchés financiers at www.amf-france.org, or directly from Vivendi. Accordingly, we caution readers against relying on such forward-looking statements. These forward-looking statements are made as of the date of this press release. Vivendi disclaims any intention or obligation to provide, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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