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Paris, September 16, 2015
Vivendi announces the success of its public tender offer on SECP, in which it now holds a 97.07% controlling interest,
and the launch of a squeeze-out procedure
Vivendi announces the success of its public tender offer for shares of Société d’Edition de Canal Plus (SECP), announced on May 12, 2015, the final results of which were made public today by the Autorité des Marchés Financiers (AMF), the French securities regulator, following the end of the reopened offer period which took place from August 31, 2015 to September 11, 2015.
A total of 4,343,724 SECP shares, representing 3.4% of the share capital and voting rights of the company, were tendered during the reopening of the offer, resulting in Vivendi controlling, directly and indirectly (through its wholly-owned subsidiary Groupe Canal+), more than 97% of the share capital and voting rights of SECP at the closing of the reopened offer period.
Having met the required conditions, Vivendi has decided to exercise its right and will soon ask the AMF to launch a squeeze-out procedure for the SECP shares it doesn’t hold directly or indirectly. The AMF will publish the details of the squeeze-out which will take place at the same offer price, i.e., a cash payment of €8 per SECP share, net of all costs.
The offer document (note d’information) prepared by Vivendi as part of the public tender offer regarding the SECP shares received the AMF visa n° 15-350 on July 7, 2015 according to the clearance decision (décision de conformité) issued on the same day, as well as the information document (informations relatives aux caractéristiques, notamment juridiques, comptables et financières de Vivendi) are available on the Vivendi (www.vivendi.com) and AMF (www.amf-france.org) websites and can be requested at no charge from Vivendi and the presenting banks.
The response offer document (note en réponse) prepared by SECP, which received the AMF visa n° 15-351, as well as the information document (informations relatives aux caractéristiques, notamment juridiques, comptables et financières de SECP) are available on the SECP (http://actionnaires.canalplus.fr) and AMF (www.amf-france.org) websites and can be requested from SECP at no charge.
Vivendi is an integrated media and content group. The company operates businesses throughout the media value chain, from talent discovery to the creation, production and distribution of content. The main subsidiaries of Vivendi comprise Canal+ Group and Universal Music Group. Canal+ is the leading pay-TV operator in France, and also serves markets in Africa, Poland and Vietnam. Canal+ operations include Studiocanal, a leading European player in production, sales and distribution of film and TV series. Universal Music Group is the world leader in recorded music, music publishing and merchandising, with more than 50 labels covering all genres. A separate division, Vivendi Village, brings together Vivendi Ticketing (ticketing in the UK, France and the U.S.), MyBestPro (experts counseling), Watchever (subscription video-on-demand) and the Paris-based concert venue L’Olympia. With 3 billion videos viewed each month, Dailymotion is one of the biggest aggregation and distribution platforms in the world. www.vivendi.com, www.cultureswithvivendi.com
This press release does not constitute an offer and should not be construed as constituting any form of solicitation for the purchase or sale of securities in the United States or any other country. This press release is not for distribution in countries other than France. The distribution of this press release, the offer and the acceptance of the offer may be, in certain countries, subject to special regulations. Consequently, persons in possession of this press release are required to ascertain the local restrictions which may apply, and to comply with them. Vivendi disclaims any liability for any violation of such restrictions by any person.