Paris, September 22, 2017
Vivendi has abstained from voting on the resolutions
submitted to the Ubisoft Shareholders’ Meeting
Vivendi announced today that it had abstained from voting on the resolutions submitted to Ubisoft Shareholders’ Meeting.
Vivendi regrets that, in defiance of all logical corporate governance, it has not yet been invited to be a member of the Board of Directors, even though it is the largest shareholder, with 26.63% of the share capital.
It considers that under these conditions, it is impossible to approve the resolutions submitted for voting.
Vivendi, totally committed to supporting and retaining talent, would have liked to support Resolution 31 authorizing the allocation of free shares. However the Group regrets the fact that the Ubisoft Board of Directors has completely intermingled the interests of employees with those of senior management.
It is clear that this complete lack of transparency from the family shareholders is depriving the company of significant support in its development and of proven expertise in the fields of media and entertainment.
In addition, it is worth noting that several proxies have expressed a negative opinion on a certain number of resolutions presented at the Shareholders’ Meeting, including Resolution 31, reinforcing Vivendi’s decision.
About Vivendi
Vivendi is an integrated content, media and communications group. The company operates businesses throughout the media value chain, from talent discovery to the creation, production and distribution of content. Universal Music Group is the world leader in music, engaged in recorded music, music publishing and merchandising. It owns more than 50 labels covering all music genres. Canal+ Group is the leading pay-TV operator in France, also engaged in Africa, Poland and Vietnam. Its subsidiary Studiocanal is the leading European player in production, sales and distribution of movies and TV series. Havas Group is one of the world’s largest global communications group. It is organized in three main business segments covering all the communications disciplines: creativity, media expertise and healthcare/wellness. Gameloft is a worldwide leader in mobile games, with 2 million games downloaded per day. Vivendi Village brings together the Paddington brand’s licensing activities, Vivendi Ticketing (in the United Kingdom, the United States and France), MyBestPro (expert counseling), the venues L’Olympia and Theâtre de L‘Œuvre in Paris, and CanalOlympia in Africa, as well as Olympia Production. With 300 million unique users per month, Dailymotion is one of the biggest video content aggregation and distribution platforms in the world.