Annual Shareholders' Meeting 2012
Havas held its Annual Shareholders’ Meeting today at the Group’s headquarters. All the resolutions proposed were adopted by the Meeting, including the resolution relating to a reduction in the share capital by means of a share repurchase tender offer. The dividend of 11 cents (€) will be paid on May 18, 2012.
The Annual Shareholders’ Meeting authorized the Board of Directors to issue a share repurchase tender offer targeting a maximum of 51,729,602 Havas shares to be acquired for cancellation, resulting in a potential capital reduction of a maximum of €20,691,840.80 euros, representing 12% of the company’s share capital.
The detail of the voting results is available below.
Following the Annual Shareholders’ Meeting, the Havas Board of Directors noted that the conditions were met for implementation of both the share repurchase tender offer (OPRA) and the simplified offer (OPAS) targeting the outstanding 2006 BSAARs issued by the company, as approved by the Board of Directors at its meeting on March 23, 2012, and that, consequently, the two offers would open with effect from May 22, 2012.
Havas – Société Anonyme au capital de 172 432 004,40 euros
29/30 Quai de Dion Bouton - 92800 Puteaux
335 480 265 RCS Nanterre - SIRET n° 335 480 265 03853