Vivendi Announces the Success of Its Public Tender Offer on SECP, in Which It Now Holds a 97.07% Controlling Interest, & the ...
September 16 2015 - 9:46AM
Business Wire
Regulatory News:
Vivendi (Paris:VIV):
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DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, CANADA,
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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.
About Vivendi
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
Important Disclaimer
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.
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