Press Release – Lagardère SCA
Corporate & other activities, Finance
Paris, April 9, 2010
Far from confirming what the inappropriate communication made by Mr. Guy Wyser-Pratte claims, the Presiding judge of Paris’ commercial tribunal noted yesterday that his demands about adding the two resolutions on the agenda for the Lagardère SCA meeting of 27 April were pointless since the company, even before receiving his subpona, had already informed the American raider’s lawyers that his two draft resolutions would be included general meeting’s agenda (which has been published this morning in the “BALO”) provided that Mr. Guy Wyser-Pratte’s justifies in the conditions set out by the law of the holding by himself and the foreign funds he represents of a minimum of 0.53% of Lagardère SCA’s capital as well as his powers to represent the said funds. (The presiding judge in fact rejected Mr. Guy Wyser-Pratte’s and the funds’ request noting they were already shareholders in Lagardère SCA to the required percentage of the capital.)
Lagardère is a pure media group (books, press, broadcast, digital, travel retail and press distribution, sports trading and sports rights), and is among the world leaders in the sector. Lagardère holds a 7.5% stake in EADS, over which it exercises joint control. Lagardère shares are listed on Euronext Paris.
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