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Financial Report | Statutory Auditors’ Report on the Consolidated Financial Statements |
Consolidated
Financial Statements
| Statutory Auditors’ Report on the Financial Statements | Statutory Financial Statements
Note 17. Equity
Note 17.
Equity
Share capital of Vivendi SA
(in thousands)
December 31, 2014
December 31, 2013
Common shares outstanding (nominal value: €5.5 per share)
1,351,601
1,339,610
Treasury shares
(50)
(51)
Voting rights
1,351,551
1,339,559
As of December 31, 2014, Vivendi held 50 thousand treasury shares,
representing a non-significant portion of its share capital. These shares
are backed to the partial hedging of performance share plans. As of
December, 31, 2014, the market value of the portfolio amounted to
approximately €1 million.
In addition, as of December 31, 2014, approximately 42.7 million stock
options were outstanding, representing a potential maximum nominal
share capital increase of €235 million (i.e., 3.16%).
Non-controlling interests
(in millions of euros)
December 31, 2014
December 31, 2013
Canal+ Group
369
368
Maroc Telecom group
(a)
-
1,176
Other
13
29
Total
382
1,573
(a)
On May 14, 2014, Vivendi sold its 53% interest in Maroc Telecom group (please refer to Note 3.3).
Distributions to shareowners of Vivendi SA
On June 30, 2014, Vivendi SA paid an ordinary €1 per share to its
shareholders from additional paid-in capital for an aggregate amount
of €1,348 million, considered as a return of capital distribution to
shareholders.
On February 11, 2015, the date of Vivendi’s Management Board’s
meeting which approved the Consolidated Financial Statements as
of December 31, 2014 and the appropriation of earnings for the fiscal
year then ended, Vivendi’s Management Board decided to propose to
shareholders an ordinary dividend of €1 per share, comprising €0.20
relative to the Group’s business performance and a €0.80 return to
shareholders as a result of the disposals of assets. Based on Vivendi’s
share capital outstanding shares as of December 31, 2014, this dividend
would represent a total distribution estimated at approximately
€1.4 billion, to be paid in cash on April 23, 2015, following the coupon
detachment on April 21, 2015. This proposal was presented to, and
approved by, Vivendi’s Supervisory Board at its meeting held on
February 27, 2015.
Share repurchase program
In addition to this distribution, a share repurchase program will be
submitted to shareholders’ approval, within the legal limit of 10% of
the share capital, for approximately €2.7 billion in accordance with the
market regulations on share repurchases. The program will run over a
period of 18 months.
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Annual Report 2014