Vivendi: proposed demerger approved at AGM

(CercleFinance.com) - Vivendi reports that its Combined General Meeting has approved by over 97.
5% of votes cast the proposed demerger of Canal+, Havas and Louis Hachette Group (which will combine its 66.53% stake in Lagardère and 100% of Prisma Media).

As announced, the first day of trading for these three companies will therefore be December 16 on the London Stock Exchange, Euronext Amsterdam and Euronext Growth Paris respectively.

December 13 (inclusive) will be the deadline by which investors wishing to participate in the demerger must have acquired Vivendi shares. Settlement-delivery of Canal+, Havas and Louis Hachette Group shares on their accounts will take place on December 18.

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