In the context of the proposed takeover bid announced by Vivendi SE, the Board of Directors of the Company, appointed, on 17 December 2021, an ad hoc Committee from among its members, in accordance with stock market regulations.
80% of the ad hoc Committee members are independent:
>Véronique Morali *, Chairman of the Committee
>Pascal Jouen, Director representing employees
>Arnaud Lagardère, Chairman and Chief Executive officer
>Pierre Leroy, Board Advisor, also participates in the meetings of the ad hoc Committee, without voting rights.
* Independent Director.
The main tasks of the ad hoc Committee are:
- recommendation from the independent expert appointed by the Board of Directors; following up on the independent expert’s work;
- review of the terms and conditions of Vivendi SE’s proposed public tender offer;
- assistance from the Board of Directors in drafting the reasoned opinion on Vivendi SE’s proposed public tender offer;
- follow-up of Vivendi SE’s proposed acquisition of the Company, review of any questions and/or comments from the shareholders, recommendations regarding any important Company decision in relation to the offer and/or procedures with the competition authorities and the French broadcasting regulator (Autorité de régulation de la communication audiovisuelle et numérique, Arcom, resulting from the merger of the CSA and Hadopi).