GAUMONT : Dividend and Planned disposal of Gaumont's stake in Les Cinémas Gaumont Pathé
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Press Release
Neuilly-sur-Seine, April 4, 2017
The Board of directors of Gaumont met on April 4, 2017 under the chairmanship of Nicolas Seydoux.
- DIVIDEND
The Board of directors of Gaumont has decided to submit to the next shareholders General meeting on May 16, 2017 the payment of €1 dividend per share which will be paid after July 25, 2017.
- PLANNED DISPOSAL OF GAUMONT'S STAKE IN LES CINEMAS GAUMONT PATHE
The independent appraiser, Sorgem Evaluation, appointed on February 28, 2017 by the Board of directors of Gaumont, following the recommendation of its ad hoc committee made up of independent directors, drafted a report concluding that the sale of Gaumont's stake in the company Les Cinémas Gaumont Pathé to Pathé at a price of €380 million is in the interest of Gaumont and its shareholders.
As per AMF (French Financial Market Authority) recommendation DOC nº 2015-05 pertaining to the disposals and acquisitions of material assets, the Board of directors of Gaumont approved the sale of Gaumont's stake and has decided to submit it to the approval of the shareholders General meeting to be held on May 16, 2017.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: GAUMONT via Globenewswire
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