Brief: Gaumont to sell Les Cinemas Gaumont Pathe stake, launch buyback offer
05/04/2017 06:14
April 5 (Reuters) - Gaumont SA GAUM.PA :
* Said on Tuesday it proposes a dividend of 1 euro per share
which will be paid after July 25
* The independent appraiser concluded that the sale of
Gaumont`s stake in the company Les Cinemas Gaumont Pathe to
Pathe at a price of 380 million euros is in the interest of
Gaumont and its shareholders
* Board of directors of Gaumont approved the sale of
Gaumont`s stake and has decided to submit it to the approval of
the shareholders General meeting
* Announced a public buyback offer at 75 euros ($80.04) per
share, dividend attached, to a maximum amount of 1,657,313
shares and a maximum amount of 124,298,475 euros
* Cine Par and Nicolas Seydoux, holding a stake representing
64.59 pct of the capital and 70.85 pct of the voting rights of
Gaumont, have indicated to the Company that they do not intend
to tender their shares to the offer
* The offer would be open from May 29 to June 26
Source text for Eikon: urn:newsml:reuters.com:*:nGNEbPjk9D, urn:newsml:reuters.com:*:nGNE5lBKCB
Further company coverage: GAUM.PA
($1 = 0.9370 euros)
(Gdynia Newsroom)
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