6/22, 1:17 PM (Source: TeleTrader)
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Vivendi stockholders approve UMG share distribution, listing

An overwhelming majority of Vivendi SE shareholders approved on Tuesday the company's plans to distribute 60% of Universal Music Group (UMG) shares to owners of Vivendi stock.

A record 99.9% of Vivendi shareholders supported the transaction that could be carried out via a listing on Euronext Amsterdam that is expected to take place on September 21, 2021.

They also gave the green light for the ordinary dividend payments of €0.60 per share for fiscal 2020 starting from June 25, 2021.

Baha Breaking the News (BBN) / MS