Vivendi Exceeded the 25% Shareholding Threshold in Ubisoft
December 07 2016 - 1:51PM
Business Wire
Regulatory News:
Vivendi (Paris:VIV), which owns 100% of Gameloft, a mobile video
games company employing 6,000 people, announced today that on
December 7, 2016, it exceeded the 25% legal threshold of the
Ubisoft share capital, holding 25.15% of the Ubisoft share capital
and 22.92% of its voting rights based on the number of outstanding
shares and voting rights as reported by Ubisoft on October 31,
2016.
Vivendi, in its declaration filed today with the Autorité des
Marchés financiers, the French securities regulator, and published
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 continues to seek 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 Vivendi
Vivendi 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+ Group is the leading pay-TV operator
in France, and also serves markets in Africa, Poland and Vietnam.
Canal+ Group operations also 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), Olympia Production,
the L’Olympia and the Theâtre de L‘Oeuvre venues in Paris and the
CanalOlympia venues in Africa. With 3.5 billion videos viewed each
month, Dailymotion is one of the biggest video content aggregation
and distribution platforms in the world. Gameloft is a worldwide
leading video games on mobile, with 2 million games downloaded per
day. www.vivendi.com, www.cultureswithvivendi.com
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