MAM

Publicis Groupe buys back 18 mn shares from Dentsu

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2017/10/05/Publicis%20Group.jpg?itok=WKyU6XAf

MUMBAI: European media communications group Publicis Groupe has bought back 18 million of its own shares from Dentsu for a total price of 644.4 million euros, which translates to 35.80 euros per share.

The transaction was completed before the opening of the Paris stock market on 17 February.

At a meeting held on 14 February, the Supervisory Board of Publicis examined the management board‘s proposal to proceed with the buy-back and decided on the acquisition of 18 million shares and immediate cancellation of 10,759,813 shares. This step was taken within the framework of the buy-back program approved at the general meeting of shareholders of the Groupe on 7 June 2011 in the interests of Publicis Groupe and its shareholders as a whole.

The buy-back involved a discount of 13.35 per cent from Publicis Groupe‘s closing share price on 16 February. It will have a positive effect on diluted earnings per share of approximately 6 per cent in 2012 and 7 per cent on a full year basis.

After cancellation of 10.76 million shares, which is the maximum number that the Groupe was permitted to cancel after its cancellation of shares on 10 May, 2010, a total 10 per cent of the Groupe‘s shares have been cancelled over the past 24 months.

The remaining 7.24 million treasury shares will be kept for use to cover incentive plans for retention shares, performance shares, stock options and acquisitions.

The purchase was fully financed from Publicis Groupe‘s available cash.

Additionally, the buy-back resulted in termination of the shareholders‘ agreement and the strategic alliance agreement that Dentsu and Publicis Groupe entered into in 2003. As a result, Dentsu chairman Tatsuyoshi Takashima and Dentsu president and CEO Tadashi Ishii have resigned from Publicis Groupe‘s Supervisory Board.

Publicis Groupe chairman of the management board and CEO Maurice Lévy said, "The partnership with Dentsu over the past 10 years has been amicable and exemplary. Dentsu‘s stake in the share capital of Publicis has furthered the development of the Groupe. I wish to express my gratitude for the elegance and professionalism with which this partnership has been carried out, and to all the Dentsu executives who have taken part in this adventure."

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/18/ogilvy_0.jpg?itok=XReIdSvz
Ogilvy announces new APAC creative leadership team

Ogilvy has announced the names of its new capability leadership team in the Asia-Pacific region as a next step in the agency’s transformation journey.

MAM Media and Advertising People
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/18/budwa.jpg?itok=6y7pZ03i
Budweiser Experiences launches first ever streetwear collection in India

Budweiser Experiences has unveiled its first-ever street-wear collection ‘BUDXSTREET’- in collaboration with five leading culture shapers in the country, namely VegNonVeg, Huemn, NorBlackNorWhite, Hanif Kureshi and Boxout.FM-in India.

MAM Marketing Brands
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/18/cococ.jpg?itok=vdY2jflH
Dentsu Webschutney, Swiggy help you save an hour every day

For its latest campaign, Swiggy has partnered with Dentsu Webchutney, the digital agency from Dentsu Aegis Network, to tell people how Swiggy can help them save one hour in the day, and what to do with it.

MAM Media and Advertising Ad Campaigns
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/18/Priyanka-Mehra-%281%29.jpg?itok=FaeCYDZB
Havas Group India appoints Priyanka Mehra as director marketing and communications

Havas Group India has appointed Priyanka Mehra as director marketing and communications. The appointment is in line with unifying communications across all disciplines under the Havas Group umbrella. Her remit includes working with the senior leadership in India and the regional communications team...

MAM Media and Advertising People
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/18/avvtar.jpg?itok=yW-DNlBn
Avvatar sports nutrition urges people to take up a habit instead of a resolution in their new-year digital campaign #aadatbanalo

New year approaches and everyone starts making resolutions. And not surprisingly, most of those resolutions are about getting fit, losing weight and getting in shape.

MAM Marketing MAM
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/18/filmfare.jpg?itok=ZwF_8YbS
Worldwide Media’s marquee digital property filmfare short film awards announces the 3rd edition

Filmfare, the most credible name in the Indian entertainment industry is back with the 3rd edition of the prestigious Filmfare Short Film Awards 2019. The platform is inviting entries till 31st January.

MAM Marketing MAM
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/18/qatar.jpg?itok=rzs0Cjxw
Qatar Airways launches Hollywood-style campaign 'A World Like Never Before'

Qatar Airways started the new year with the launch of the airline’s biggest and most cinematic brand campaign to date, ‘A World Like Never Before’. Conceived and created by 180 Kingsday – Qatar Airways’ agency on record – and produced by London production company, Ridley Scott Associates Films, the...

MAM Marketing MAM
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/18/Niine-period.jpg?itok=_Lihx2B4
Niine launches period tracker app in Hindi, English

Made-in-India sanitary napkin brand Niine has launched, in collaboration with Federation of Obstetric and Gynaecological Societies of India (FOGSI), a period tracker app. The app has been developed in consultation with medical professionals and is said to be the first to be developed by a sanitary...

MAM Marketing Brands
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/17/ipsos.jpg?itok=AxDkIzZx
Ipsos Study 74% Indians are content with their current body weight

According to a new study by Ipsos that explores world’s food habits, insights about Indians are particularly interesting as they bust myths about food habits of Indians

MAM Marketing MAM

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories