• Acquisition of a stake in Rubis

  • On March 20, 2024, Plantations des Terres Rouges, a subsidiary of the Group, exceeded the threshold of 5% of the capital and voting rights in Rubis. This is a financial investment.

• Update on the feasibility study regarding the proposed Vivendi split project

  • Background information: since the distribution and listing of Universal Music Group in 2021, Vivendi has endured a significantly high conglomerate discount, substantially reducing its valuation and thereby limiting its ability to carry out external growth transactions for its subsidiaries. However, companies like Canal+ Group, Havas and Lagardère are currently experiencing strong growth in an international context marked by numerous investment opportunities. In order to fully unleash the development potential of all its activities, the Management Board of Vivendi proposed to the Supervisory Board on December 13, 2023, the possibility to explore the feasibility of a project to split the company into several entities, each of which would be listed on the stock market.

  • Since that date, the study of the feasibility of the split project has been ongoing. A hypothesis currently being examined is a partial split of Vivendi, where Canal+ Group, Havas, and the company grouping the assets in publishing and distribution would become independent entities listed on the stock market. Once separated from these three entities, Vivendi would remain as is, publicly listed while maintaining its role of supporting the transformation and expansion of its subsidiaries and continuing to actively manage its investments.

  • If the Supervisory Board authorizes the split project to proceed in this way, it must first be subjected, in due time, to consultation with the employee representative bodies of the entities concerned. At the end of this consultation process, it may be necessary to seek a number of regulatory authorizations, approvals from bondholders and other Group lenders, and then a vote at an Extraordinary General Shareholders’ Meeting which could be convened at the date of the Annual General Shareholders’ Meeting scheduled for April 2025.
    
    

• Share buyback by Vivendi

  • The total number of shares repurchased by Vivendi under the share buyback program authorized by the Combined General Shareholders' Meeting of April 24, 2023, amounted to 13 million for a total amount of €128 million, which of 10 million of shares repurchased in 2024.

• Mandatory offer by Groupe Canal+ for the capital of MultiChoice Group

  • On April 8, 2024, Canal+ Group and MultiChoice Group published the joint announcement of the terms of the proposed mandatory offer by Canal+ Group in respect of MultiChoice Group. Following extensive engagement between senior representatives of Canal+ Group and MultiChoice Group, and in line with the timeline agreed with the Takeover Regulation Panel (TRP), Canal+ Group has finalized the key terms of its mandatory offer. Canal+ Group made a mandatory offer to acquire all the issued shares of MultiChoice Group not already owned by the group at a purchase price of ZAR125.00 per share, payable in cash.

• Proposed sale of Vivendi's festival and international ticketing businesses

On April 2, 2024, Vivendi signed a put option agreement with CTS Eventim, a leading international player in ticketing and live entertainment, concerning its international festival and ticketing activities. The transaction is expected to close in the coming months, after consultation with the relevant employee representative bodies. Vivendi's concert hall activities, including the Olympia in Paris, as well as See Tickets France and the Brive Festival, are not concerned by this agreement.

⁽1⁾ In accordance with IFRS 5 and to ensure the comparability of the accounts, the 2023 and 2024 revenues of the Bolloré Logistics business have been reclassified as discontinued operations (this activity was sold on February 29, 2024).

Attachment

• 2024 04 29 Odet CA1T 2024 EN