Publicis Groupe : Share Buyback
(Thomson Reuters ONE) -
On March 17, 2015, before the opening of the Paris Stock Exchange, Publicis
Groupe [EURONEXT Paris: FR0000130577, CAC 40] has acquired a block of 2,406,873
of its own shares from the Badinter family for a total of 175,775,861 EUR, at a
price of 73.03 EUR per share.
This transaction is part of the buy-back program approved by the General
Shareholders Meeting held on May 28, 2014 and the repayment ahead of schedule of
the ORANE 2022 approved by the Supervisory Board and announced on September
15, 2014. 12,684,487 shares are required for this repayment. One half will be
taken from shares currently held by the Company, and the other half (6,342,244
shares) will be acquired. The 2,406,873 shares bought from the Badinter family
will be used to cover the debt securities giving access to equity capital in
order to proceed with the early repayment of the ORANE 2022. The balance of
3,395,371 shares will be acquired in the market.
The Supervisory Board meeting held on March 12, 2015 examined the proposal to
buy back part of the shares held by Ms. Elisabeth Badinter and her family, and
concluded that the acquisition of this block of shares was in the best interests
of the Company and its shareholders. Consequently, it unanimously approved this
transaction; the Board members personally concerned abstained from taking part
in the discussion and vote.
This transaction will bring the holding of Ms. Elisabeth Badinter and her family
group from 8.67% to 7.58% of the share capital and from 15.87% to 13.88% of the
voting rights. Ms. Elisabeth Badinter remains the first shareholder in the
Company.
The price of the transaction represents a discount of 2% from the weighted
average share price over the previous five trading days and of 4.5% with respect
to the closing price of 76.47 EUR on March 16, 2015.
The share buy-back is financed by Publicis Groupe's available cash resources.
Publicis Groupe welcomes this transaction, which enables the Company to control
changes in its shareholding structure without affecting its financial structure,
while at the same time ensuring the early repayment of the ORANE, which will
have a relutive effect on the net profit per share on a fully diluted basis of
around 2.4% on a full year. The early repayment of the ORANE will be submitted
to the Shareholders' Meeting of the Company, which will take place on May
27, 2015.
About Publicis Groupe
Publicis Groupe [Euronext Paris FR0000130577, CAC 40] is a global leader in
marketing, communication, and business transformation. In a world marked by
increased convergence and consumer empowerment, Publicis Groupe offers a full
range of services and skills: digital, technology & consulting with
Publicis.Sapient (SapientNitro, Sapient Global Markets, Sapient
Government Services, Razorfish Global, DigitasLBi, Rosetta) - the world's
largest most forward-thinking digitally centered platform focused exclusively on
digital transformation in an always-on world - as well as creative networks such
as BBH, Leo Burnett, Publicis Worldwide, Saatchi & Saatchi, public affairs,
corporate communications and events with MSLGROUP, ad tech
solutions with VivaKi, media strategy, planning and buying through Starcom
MediaVest Group and ZenithOptimedia, healthcare communications, with Publicis
Healthcare Communications Group (PHCG), and finally, brand asset production with
Prodigious. Present in 108 countries, the Groupe employs more than 75,000
professionals.
www.publicisgroupe.com | Twitter: (at)PublicisGroupe |
Facebook: www.facebook.com/publicisgroupe | LinkedIn: Publicis Groupe
| http://www.youtube.com/user/PublicisGroupe | Viva la Difference !
Contacts
Publicis
Groupe
Peggy Corporate + 33 (0)1
Nahmany Communications 44 43 72 83 peggy.nahmany(at)publicisgroupe.com
Jean-Michel Investor + 33 (0)1
Bonamy Relations 44 43 77 88 jean-michel.bonamy(at)publicisgroupe.com
Stéphanie Investor + 33 (0)1
Constand Relations 44 43 74 44 stephanie.constand(at)publicisgroupe.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Publicis Groupe via GlobeNewswire
[HUG#1904007]
Unternehmensinformation / Kurzprofil:
Datum: 17.03.2015 - 09:08 Uhr
Sprache: Deutsch
News-ID 378961
Anzahl Zeichen: 5229
contact information:
Town:
Paris
Kategorie:
Business News
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