Page 14 - 2012 Annual Report

VIVENDI

l

2012

l Annual Report

14

GROUP PROFILE – BUSINESSES – LITIGATION – RISK FACTORS

1

SECTION 1 - GROUP PROFILE

INSURANCE

1.4.3.3. SHARE PRICE

Vivendi shares are listed on compartment A of Euronext Paris (ISIN code

FR0000127771). As of December 31, 2012, Vivendi had the eleventh

largest stock market capitalization in the CAC 40 Index and the largest

capitalization in the Stoxx Europe 600 Media index.

Between January 1, 2012 and the date of the April 2012

Shareholders’ Meeting, Vivendi shares decreased in value by

27% due to a more negative outlook for SFR, however, they

subsequently increased by more than 40% over the last eight months

of 2012, due to anticipated changes within the Group’s scope.

For the year 2012, Vivendi’s share price rose 3.5%. Based on reinvested

dividends, Vivendi’s shares were up 11.5%, compared to 20.4% for the

CAC40 index.

1.4.3.4. DIVIDEND PER SHARE

The payment of a dividend of €1 per share in 2013 for fiscal year 2012,

representing a total distribution of €1.32 billion, will be submitted for

approval to the Combined Ordinary and Extraordinary Shareholders’

Meeting to be held on April 30, 2013. The dividend will be paid in cash

as of May 17, 2013.

1.5. INSURANCE

Vivendi has centralized coverage

(1)

via group insurance schemes to cover

risks that apply to its subsidiaries.

These insurance schemes, whether established by subsidiaries for their

own requirements or by Vivendi to apply to the whole Group, supplement

any risk-prevention procedures currently in place on-site. These include

‘return to work’ or first aid plans in the event of a disaster affecting the

nerve center of a particular business, as well as environmental protection

measures.

In 2012, Vivendi renewed its Officers Liability Insurance. Other than this

scheme, the principal insurance schemes taken out by Vivendi at group

level are as follows: property damage and business interruption, third-

party liability and work accidents.

(1)

Excluding Activision Blizzard, which has its own insurance schemes.

1.5.1.

Property Damage and Business Interruption

General insurance programs for the entire Group are in place for a total

coverage of up to €400 million per loss. These programs cover risks of

fire, water damage, natural events, terrorism (depending on the legal

restrictions in each relevant country or state) and business interruption

resulting from these events. In general, the applicable excess per incident

is €250,000.

1.5.2.

Third-Party Liability

Business and third-party product liability schemes have been implemented

and provide aggregate cumulative coverage of €150 million per year

for the entire Group. This amount supplements various so-called first-

line policies that are subscribed for directly by the business units

(i.e., Canal+ Group, Universal Music Group, SFR, Maroc Telecom Group

and GVT) for an aggregate amount comprised between 2 and 16 million

dollars or euros, as applicable.

1.5.3.

Work Accidents

Certain schemes are specific to operations undertaken in the

United States, particularly those relating to work accidents, for which

the employer remains responsible for insurance purposes. So-called

workers’ compensation programs have been implemented to address the

requirements under various federal and state laws.