Vivendi: Extension of the Ubisoft forward share sale deadline
26 Septembre 2018 - 7:53PM
Business Wire
Regulatory News:
As announced on March 20, 2018, Vivendi (Paris:VIV) has sold
forward its remaining interest in Ubisoft (i.e. 7,590,909 shares
representing 6.7% of the share capital) for an amount of
approximately €500 million, corresponding to a price of €66 per
share.
This 6.7% interest will be sold by Vivendi to two financial
institutions as follows: approximately 0.91% on October 1, 2018 as
planned, and 5.74% deferred to March 5, 2019.
Vivendi has given an undertaking to Ubisoft to sell all the
shares it owns by March 7, 2019 (settlement date). In addition,
Vivendi maintains its March 2018 commitment to refrain from
purchasing Ubisoft shares for a period of five years.
About Vivendi
Since 2014, Vivendi has been focused on building a world-class
content, media and communications group with European roots. The
clear and ambitious strategy that was set in motion four years
ago has been successfully executed by the Management Board. First,
in content creation, Vivendi owns powerful, complementary assets in
music (Universal Music Group), mobile games (Gameloft) as well as
movies and series (Canal+ Group), which are the three most popular
forms of entertainment content in the world today. Second, 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 2017, a third building block – communications – was
added to this structure, via Havas. Havas 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, ticketing and digital technology
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, www.cultureswithvivendi.com
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