Vivendi: Capital Reduction Through Cancellation of Shares
June 17 2016 - 12:38PM
Business Wire
Regulatory News:
Vivendi (Paris:VIV) announced that at a meeting held today the
Management Board decided to cancel 86,874,701 treasury shares,
representing 6.35% of the total shares outstanding, in accordance
with the authorization granted by the Combined Shareholders’
Meeting of April 21, 2016 in its 16th resolution.
Following this cancellation of shares, Vivendi holds 18.17
million treasury shares, representing 1.42% of the share capital
after reduction. Its share capital has been reduced to €
7,049,603,775.50 divided into 1,281,746,141 shares, corresponding
to 1,314,921,310 voting rights.
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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