Vivendi Exceeded the 20% Shareholding Threshold in Ubisoft
June 17 2016 - 12:31PM
Business Wire
Regulatory News:
Vivendi (Paris:VIV) announced today that on June 14, 2016, it
exceeded the 20% legal threshold of the Ubisoft share capital,
holding 20.10% of the Ubisoft share capital and 17.76% of its
voting rights.
Vivendi, in its declaration filed with the Autorité des Marchés
financiers, the French securities regulator, and published today by
the AMF on its website, has specified its objectives over the
coming six months:
- Vivendi’s acquisitions have been
financed using its disposable cash;
- Vivendi is not acting together with any
third party in connection with its investment in Ubisoft and has
not entered into a temporary sale agreement concerning Ubisoft’s
shares or voting rights;
- Vivendi does not hold instruments and
is not a party to agreements such as those referred to in
paragraphs 4° and 4° bis of Article L.233-9 of the French Code de
commerce (Trade Code);
- Vivendi is considering continuing to
acquire shares depending on market conditions;
- Vivendi is not considering the launch
of a public tender on Ubisoft nor acquiring the control of the
company;
- Vivendi is hoping to build a fruitful
cooperation with Ubisoft;
- Vivendi is considering asking for a
recomposition of the Ubisoft Board of Directors in order to, among
other things, obtain Board representation consistent with its
shareholder position;
- Vivendi’s investment in Ubisoft’s
business sector is part of a strategic vision of operational
convergence between Vivendi’s content and platform and Ubisoft’s
productions in the field of video games. Since this strategy does
not require any modification to Ubisoft’s legal or financial
organization, Vivendi is not contemplating any of the transactions
referred to in Article 223-17, I, 6° of the AMF Règlement Général
(General Regulations).
About VivendiVivendi 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
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