Vivendi Condemns Mediaset’s Decision to Refuse to Allow It to Vote at Its Shareholders’ Meeting
18 Avril 2019 - 12:10PM
Business Wire
Regulatory News:
The following is a statement from Vivendi:
Vivendi (Paris:VIV) condemns today’s decision by the Mediaset
Board of Directors to refuse to allow Vivendi to vote at its
Shareholders’ Meeting.
Neither the agreement of April 8, 2016 under dispute nor the
AGCom decision of April 2017 or any other applicable law prevent
Vivendi from voting.
The decision of the Mediaset Board is against all basic
principles of shareholder democracy. It is both unlawful and
against the interests of Mediaset and, in particular, of its
minority shareholders.
Under these circumstances, Vivendi is not in a position to
participate at the Mediaset Shareholders’ Meeting and reserves all
its rights to challenge in court the validity of the resolutions
adopted today.
About Vivendi
Since 2014, Vivendi has been focused on building a world-class
content, media and communications group with European roots. In
content creation, Vivendi owns powerful, complementary assets in
music (Universal Music Group), movies and series (Canal+ Group),
publishing (Editis) and mobile games (Gameloft) which are the most
popular forms of entertainment content in the world today. In the
distribution market, Vivendi has acquired the Dailymotion platform
and repositioned it to create a new digital showcase for its
content. The Group has also joined forces with several telecom
operators and platforms to maximize the reach of its distribution
networks. In communications, through Havas. the Group possesses
unique creative expertise in promoting free content and producing
short formats, which are increasingly viewed on mobile devices. In
addition, through Vivendi Village, the Group explores new forms of
business in live entertainment, franchises and ticketing that are
complementary to its core activities. Vivendi’s various businesses
cohesively work together as an integrated industrial group to
create greater value. www.vivendi.com
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