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BN 03/23 11:45 *VIVENDI: MOST SHAREHOLDERS MET ARE SATISFIED WITH STRATEGY BN 03/23 11:43 *VIVENDI SAYS TO EXAMINE REQUESTS ON DIVIDEND
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Vivendi Says to Examine Requests on Dividend 2015-03-23 11:50:44.705 GMT
By Gaurav Panchal and Angeline Benoit (Bloomberg) -- Notes PSAM request to increase div. * Says return to shareholders is intended to amount to EU5.7b, which seems well balanced, keeping EU1 div. for 3 years and potential share buy-back of EU2.7b at max share price of EU20 * Says most shareholders met are satisfied with strategy * Management board opposes dismantling of company * Confirms it received a letter on Dec. 22 year from PSAM, asking for the sale of Universal Music Group. * Confirms it received a letter on Dec. 22 year from PSAM, asking for the sale of Universal Music Group.</li></ul> * Statment: Link * Earlier: Vivendi Says PSAM Fund Asked for Universal Music Spinoff Link
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To contact the editor responsible for this story: Gaurav Panchal at +44-20-3525-0511 or gpanchal2@bloomberg.net