Brief: Vivendi: to hold 10.13% of UMG's share capital, confirms UMG distribution ratio

Pershing Square Holdings

21/09/2021 08:22

Sept 21 (Reuters) - Vivendi  VIV.PA /UMG  UMG.AS :
    * VIVENDI: VIVENDI CONFIRMS THE 1:1 DISTRIBUTION RATIO FOR
UMG
SHARES
    * GIVEN THEIR OPENING PRICE OF €25.25, VIVENDI CONFIRMS THAT
THE
DISTRIBUTION IN KIND OF UMG SHARES TO VIVENDI SHAREHOLDERS WILL
BE PAID AS PLANNED
    * VIVENDI: UMG SETTLEMENT WILL OCCUR ON SEPT 23
    * VIVENDI WILL NOW HOLD 10.13% OF THE SHARE CAPITAL OF UMG
    * The total value of the distribution in kind combines: A
€5,312
million (€4.89 per Vivendi share) special dividend in kind paid
out of existing reserves, approved by the shareholders of
Vivendi on June 22, 2021, and a €22,098 million (€20.36 per
Vivendi share) special interim dividend in kind paid out of June
30, 2021 earnings


 (Reporting by Sudip Kar-Gupta)
 ((sudip.kargupta@thomsonreuters.com;))