PARIS--(BUSINESS WIRE)--Regulatory News:
Vivendi (Paris:VIV) announced that at a meeting held today the Management Board decided to cancel 86,874,701 treasury shares, representing 6.35% of the total shares outstanding, in accordance with the authorization granted by the Combined Shareholders’ Meeting of April 21, 2016 in its 16th resolution.
Following this cancellation of shares, Vivendi holds 18.17 million treasury shares, representing 1.42% of the share capital after reduction. Its share capital has been reduced to € 7,049,603,775.50 divided into 1,281,746,141 shares, corresponding to 1,314,921,310 voting rights.
Vivendi is an integrated media and content group. The company operates businesses throughout the media value chain, from talent discovery to the creation, production and distribution of content. The main subsidiaries of Vivendi comprise Canal+ Group and Universal Music Group. Canal+ is the leading pay-TV operator in France, and also serves markets in Africa, Poland and Vietnam. Canal+ operations include Studiocanal, a leading European player in production, sales and distribution of film and TV series. Universal Music Group is the world leader in recorded music, music publishing and merchandising, with more than 50 labels covering all genres. A separate division, Vivendi Village, brings together Vivendi Ticketing (ticketing in the UK, the U.S and France), MyBestPro (experts counseling), Watchever (subscription video-on-demand), Radionomy (digital radio), the Paris-based concert venue L’Olympia, the future CanalOlympia venues in Africa and the Theatre de l‘Oeuvre in Paris. With 3.5 billion videos viewed each month, Dailymotion is one of the biggest video content aggregation and distribution platforms in the world. www.vivendi.com, www.cultureswithvivendi.com