LAGARDÈRE SCA:Full completion of EADS share disposal and details on
PARIS -- April 15, 2013
Lagardère SCA (Paris:MMB) :
The sale of EADS shares, performed on Tuesday, April 9, is fully completed
with the actual transfer of the shares. The Lagardère group received €2,283
million for this disposal.
The capital gain, net of taxes and transaction costs, is €1.8 billion.
As previously indicated, the Lagardère group plans to divide the proceeds from
the disposal between, firstly, a one-time premium for all Group employees,
secondly a reduction of the Group's debt, and finally a one-time exceptional
dividend for shareholders.
The amount of this one-time dividend will be decided in the coming weeks, and
thus should be announced before the General Meeting on May 3, 2013.
This one-time dividend will take the form of an advance on the dividend for FY
2013, and will be taken into consideration in the proposed allocation of
earnings for FY 2013, which will be submitted for ratification by the Ordinary
General Meeting that will be convened in May 2014.
In addition, the Lagardère group is reasserting its growth strategy, aiming to
increase its exposure to developing activities (specifically travel retail,
digital, and rights management), which could result in targeted acquisitions
when opportunities will arise.
Lagardère is a pure media group (Books and e-Publishing, Press, Broadcast,
Digital, Travel retail and Press distribution, Sport industry and
Entertainment), and is among the world leaders in the sector.
Lagardère shares are listed on Euronext Paris.
Thierry Funck-Brentano, +33 1 40 69 16 34
Ramzi Khiroun, +33 1 40 69 16 33
Anthony Mellor, +33 1 40 69 18 02
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