Automatic Increase of Vivendi’s Public Tender Offer Price for Gameloft to €8 Per Share
May 19 2016 - 10:44AM
Business Wire
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Vivendi (Paris:VIV) announced today that its public tender offer
price for the shares of Gameloft automatically increased from €7.20
to €8.00 per share.
This automatic increase results from the application of stock
market regulations following Vivendi’s purchase today of a block of
Gameloft shares at a price of €8.00 per share.
Vivendi bought a total of 148,743 shares, representing 0.171 %
of Gameloft’s share capital.
As a result, today Vivendi owns 25,572,749 Gameloft shares,
representing 29.37% of the company’s share capital and 26.47% of
its voting rights1.
The price of €8.00 per Gameloft share represents a premium
of:
- 45.99% over the closing price for
Gameloft shares on the last trading day prior to the announcement
of the proposed public tender offer, i.e. February 18, 2016;
- 100.50% over the closing price for
Gameloft shares on the last trading day prior to the announcement
that Vivendi became a shareholder of Gameloft, i.e. October 14,
2015; and
- 5.68% compared to Gameloft’s highest
share price over the last 24 months.
All the other details of the public tender offer, as stated in
the offer document (“note d’information”) filed with the Autorité
des Marchés financiers (French securities regulator, the “AMF”),
which received AMF visa n° 16-077 on March 15, 2016, remain
unchanged.
Vivendi reminds Gameloft shareholders that, unless the AMF
decides to make a change to the calendar, its offer will expire on
Friday, May 27, 2016.
The tender offer is being made exclusively in France.
Vivendi’s offer document (“note d’information”), which received
AMF visa n° 16-077 on March 15, 2016, is available on the websites
of the AMF (www.amf-france.org) and Vivendi (www.vivendi.com) and
can be requested free of charge from Vivendi (42 avenue de
Friedland, 75008 Paris) as well as from the presenting bank for the
offer, HSBC France (103 Avenue des Champs Elysées, 75008 Paris).
Gameloft’s response document (“note en réponse”), which received
AMF visa n° 16-129 on April 8, 2016, is available on the websites
of the AMF (www.amf-france.org) and Gameloft (www.gameloft.fr) and
can be requested free of charge from Gameloft (14 rue Auber, 75009
Paris) and from CACEIS Corporate Trust (14 rue Rouget de Lisle,
92862 Issy-les-Moulineaux).
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, the U.S and France), MyBestPro
(experts counseling), Watchever (subscription video-on-demand),
Radionomy (digital radio), the Paris-based concert venue L’Olympia,
the future CanalOlympia venues in Africa and the Theatre de
l‘Oeuvre in Paris. With 3.5 billion videos viewed each month,
Dailymotion is one of the biggest video content 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.
Cautionary Note Regarding Forward Looking Statements. This press
release contains forward-looking statements with respect to the
financial condition, results of operations, business, strategy,
plans and outlook of Vivendi, including the impact of certain
transactions, in particular the outcome of the tender offer
launched on the shares of Gameloft referenced herein. 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 Vivendi filed with the Autorité des Marchés Financiers
(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 you against relying
on forward looking statements. These forward-looking statements are
made as of the date of this press release and 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.
Unsponsored ADRs. Vivendi does not sponsor an American
Depositary Receipt (ADR) facility in respect of its shares. Any ADR
facility currently in existence is “unsponsored” and has no ties
whatsoever to Vivendi. Vivendi disclaims any liability in respect
of any such facility.
1 Based on the total number of shares and voting rights
comprising the Gameloft share capital as of April 30, 2016, as
published by the company on its website.
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